Ben Gilbert: belief

Transcript context

…Yeah, definitely not for this risk. Wild. There's going to be some fun analysis in here. I want to talk about power. Before we talk about power, we should do a quick review of the businesses that they had owned outright during this part of their history. Because I think people have a general sense of the stuff that they own now, both through the businesses that they owned wholly and through their ownership of big public companies like Kraft Heinz or of Coca-Cola. But let's review the things they bought in the ‘70s and ‘80s and owned outright. See's Candy, Wesco Financial, the Buffalo News, Precision Steel Warehouse, Nebraska Furniture Mart—thanks Mrs. B, Scott Fetzer, Fechheimer Brothers, Borsheims Jewelry, H.H. Brown, Central States Indemnity. And then in ‘95, the finishing touch on GEICO, they bought Helzberg Diamonds and RC Willey Home Furnishings. There's a lot of Berkshire that you think about today that they don’t own yet. On the public equity side, the main positions we talked about, The Post, Cap Cities, Salomon Brothers, and one that we didn't talk about that we’ll talk about more next time, Coca-Cola. I think those represented significant parts of the value, but again, as we've seen they're taking a hands-off approach here.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.