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Published · transcript-backed

Ben Gilbert: evaluation

7 Jun 2021 Acquired Berkshire Hathaway Part III

“There was that great thing that they were doing forever of hiring great managers that were family owned businesses that they bought for hundreds of millions of dollars and let them run and those things compound and you could be management light. It just doesn't work anymore.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
evaluation
Recorded
7 Jun 2021
Publisher
Acquired

Transcript context

…Playbook, let's do it. You want to kick it off? Yeah. I mean the biggest one that's just so clear to me is that you need different strategies at different scales. The same playbook clearly didn't work as they gained more capital. There was that great thing that they were doing forever of hiring great managers that were family owned businesses that they bought for hundreds of millions of dollars and let them run and those things compound and you could be management light. It just doesn't work anymore. You need a completely, completely different playbook. The interesting point that I want to make on that… Just like the original cigar butt playbook stopped working and they had to go to……

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