Money is a lot like sex; if you don’t got it, it is all you think about, and if you got it, you think of other things. –The Hobo Philosopher
Buffett Buys a Business
In honor of the upcoming Berkshire Hathaway Love Fest in Omaha, let’s learn how Buffett analyzes a business. We are taking a short break from our grind through Competition Demystified.
Buffett paid $55 million for 90% of a private business with earnings after tax of $1.5 million. Do you think he lost his senses? Can you name the business and year that he bought this business? What do you think caused Buffett to pay the price that he paid?
Tomorrow or by Wednesday, I will post the analysis of his purchase.
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