During their recent episode, Taylor, Carlisle, and Bill Lenehan discussed Why REITs Can’t Compound Like Berkshire. Here’s an excerpt from the episode: Jake: Yeah. Do you have any– Is there any reticence or– I don’t want to say regret, that’s not the right word. But the fact that the REIT … Read More
Warren Buffett: Why Acquisition Departments Don’t Work
During the 2019 Berkshire Hathaway Annual Meeting, Warren Buffett discusses Berkshire Hathaway’s approach to acquisitions, particularly in Europe, inspired by Eitan Wertheimer after the ISCAR purchase. Buffett emphasizes targeting sizable, well-established businesses, ideally family-owned for decades, that align with Berkshire’s philosophy. He avoids auctions or deals driven solely by maximizing … Read More