Money and Finance
Link to: The wrath of Warren Buffett: How Benjamin Moore almost broke his promise
The part of the article reminded me a lot of what some of the luxury-type brands have done by opening outlet stores (emphasis mine):
[H/T Matt]
- Buffett Leans On 29-year-old Cool To Oversee Problems
Thanks to Matt for passing this along. When Warren Buffett bought half of a commercial mortgage finance company in 2009, he hired a 25-year-old fresh out of business school to keep tabs on the investment. Since then, Berkadia Commercial Mortgage LLC has...
- Tracy Britt Cool On Management Lessons From Warren Buffett
Thanks to Matt for passing this along. Tracy Britt Cool, Warren Buffett‘s financial assistant at Berkshire Hathaway, says she was already familiar with the billionaire’s investing style when she joined the company in 2009, but working by his side...
- Warren Buffett On Cnbc
Links to videos: Buffett: It's not a mistake to buy stocks now DC's 'political weapon of mass destruction': Buffett Berkshire's $1.1 billion acquisition Buffett: It would be asinine to jeopardize US credit US is like a very rich family:...
- A Rising Star Emerges At Berkshire
When Tracy Britt arrived in Omaha, Neb., in 2009 to meet with Warren Buffett, she brought a Harvard M.B.A., a glittering resume and a boatload of ambition. But she also brought the famed investor a gift to highlight their shared Midwestern roots: a bushel...
- Warren Buffett's Mr. Fix-it
Found via GuruFocus. When investors think of Berkshire Hathaway (BRKA, Fortune 500), they of course think of Warren Buffett and his record as a hands-off, if highly attentive, CEO. He gives free rein to the heads of his large collection of companies,...
Money and Finance
The wrath of Warren Buffett: How Benjamin Moore almost broke his promise
Link to: The wrath of Warren Buffett: How Benjamin Moore almost broke his promise
Turmoil roiled Benjamin Moore, a paint company owned by Berkshire Hathaway, after it decided to break a pledge Warren Buffett made to Moore’s dealers. How did it happen—and how did the Oracle of Omaha respond? A case study in pluses (and occasional minuses) of being owned by Berkshire...........
The part of the article reminded me a lot of what some of the luxury-type brands have done by opening outlet stores (emphasis mine):
Buffett offers a historical analogy: “If you go back to the mid-1930s, Packard was an aspirational auto brand. It was above Cadillac. Around 1936 they came out with a considerably lower-priced model. It did wonders for them immediately, but they destroyed the brand over time. If you’re a high-end brand, you can always pick up a lot of sales by dropping down. I’m not saying that’s what Valspar does; they probably have a bunch of different brands that are doing that. But it would be a big mistake for Benjamin Moore to try and take the Benjamin Moore name downscale and have a cheaper paint.”
[H/T Matt]
- Buffett Leans On 29-year-old Cool To Oversee Problems
Thanks to Matt for passing this along. When Warren Buffett bought half of a commercial mortgage finance company in 2009, he hired a 25-year-old fresh out of business school to keep tabs on the investment. Since then, Berkadia Commercial Mortgage LLC has...
- Tracy Britt Cool On Management Lessons From Warren Buffett
Thanks to Matt for passing this along. Tracy Britt Cool, Warren Buffett‘s financial assistant at Berkshire Hathaway, says she was already familiar with the billionaire’s investing style when she joined the company in 2009, but working by his side...
- Warren Buffett On Cnbc
Links to videos: Buffett: It's not a mistake to buy stocks now DC's 'political weapon of mass destruction': Buffett Berkshire's $1.1 billion acquisition Buffett: It would be asinine to jeopardize US credit US is like a very rich family:...
- A Rising Star Emerges At Berkshire
When Tracy Britt arrived in Omaha, Neb., in 2009 to meet with Warren Buffett, she brought a Harvard M.B.A., a glittering resume and a boatload of ambition. But she also brought the famed investor a gift to highlight their shared Midwestern roots: a bushel...
- Warren Buffett's Mr. Fix-it
Found via GuruFocus. When investors think of Berkshire Hathaway (BRKA, Fortune 500), they of course think of Warren Buffett and his record as a hands-off, if highly attentive, CEO. He gives free rein to the heads of his large collection of companies,...