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Published · transcript-backed

David Rosenthal: belief

7 Jun 2021 Acquired Berkshire Hathaway Part III

“I think significantly more than any other investment that Warren made in his entire career up to that point.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
belief
Recorded
7 Jun 2021
Publisher
Acquired

Transcript context

…Are they still B of A shareholders? Yup. Still B of A shareholders. They, all in to date, Berkshire has made about $26 billion in profits on the B of A deal. Way more than the $7 billion that they made from everything else during the financial crisis combined. I think significantly more than any other investment that Warren made in his entire career up to that point. It has to be. I mean they're playing with so many bigger dollars at this point that, okay let's call these three great movies then. Your pretty good ones from the financial crisis, your buying of Apple and of course then the B of A one. There's no way that he's done anything more better than this on an absolute dollar magnitude to this point. I'm sure of the return on invested capital, for sure.…

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