Evidence receipt / evaluation
Published · transcript-backedBen Gilbert: evaluation
21 Apr 2021 Acquired Berkshire Hathaway Part I
“I think the way to think about New Bedford was like they were an industry town and their industry was whaling and whaling oil.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 21 Apr 2021
- Publisher
- Acquired
- Episode
- Berkshire Hathaway Part I
Transcript context
…Yeah, totally. It was the security analysis, if I needed the Intelligent Investor version of it. There you go. I think the way to think about New Bedford was like they were an industry town and their industry was whaling and whaling oil. Then when they pivoted as a town and needed a second industry, textiles cropped up based on all the competency and talent, labor and stuff that they had in the town. The business leaders in town collectively decided that textiles was going to be a thing. We think about whaling now and it seems barbaric, and it totally was, but it was the biggest industry in America. New Bedford, Massachusetts was the wealthiest town in America during the whaling.…
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