Achieving Your Retirement Dreams Acting on "Inside Tips"

Acquiring a Business with Solid Management

by
Of all our activities at Berkshire, the most exhilarating for Charlie Munger and me is the acquisition of a business with excellent economic characteristics and a management that we like, trust and admire. Such acquisitions are not easy to make but we look for them constantly. In the search, we adopt the same attitude one might find appropriate in looking for a spouse: It pays to be active, interested and open-minded, but it does not pay to be in a hurry.