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Published · transcript-backed

David Rosenthal: belief

21 Apr 2021 Acquired Berkshire Hathaway Part I

“We think about whaling now and it seems barbaric, and it totally was, but it was the biggest industry in America.”

— David Rosenthal

Source trail

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Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
belief
Recorded
21 Apr 2021
Publisher
Acquired

Transcript context

…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. I did not realize that.…

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