The Sage of Omaha on why people want to sell businesses to him
June 26th, 2008 by Chris St CartmailCouldn’t resist repeating the latest comments from Warren Buffett about the reasons people want to sell their businesses to him and his Berkshire Hathaway investment vehicle.
“Think of the business as a work of art. You can sell it to Berkshire, and we’ll put it in the Metropolitan Museum – it will have a wing all by itself; it will be there forever.” he said.
“Or, you can sell it to some porn shop operator, and he’ll take the painting and he’ll make the boobs a bit bigger and he’ll stick it in the window and some other guy will come along in a raincoat, and he’ll buy it.”
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