Warren Buffett said he would choose Mrs B, an 89-year-old carpet seller, over Fortune 500 CEOs and business-school graduates if he was starting a company
Warren Buffett said an 89-year-old carpet seller would 'run rings around' Fortune 500 CEOs. Here's the remarkable story of Mrs BWarren Buffett said an 89-year-old carpet saleswoman would"run rings around" the best corporate executives and business-school graduates in America.
Berkshire Hathaway's billionaire boss praised Rose"Mrs B" Blumkin after he bought 90% of her company, Nebraska Furniture Mart, for about $55 million in 1983. At 23, virtually penniless with no formal schooling and unable to speak English, Mrs B journeyed to the US to reunite with her husband, who had fled there to avoid being drafted into the Russian army.
In 1937, aged 43, with four children, Mrs B started Nebraska Furniture Mart with $500 and stocked it with $2,000 of merchandise. Fearing she wouldn't be able to repay her creditors, she sold all the furniture and appliances in her home, including her refrigerator. Buffett approached Mrs B's son, Louie, about a buyout. The famed investor reassured him that the Blumkin family would continue to run the company, and Berkshire would take a long-term view as its owner.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Warren Is Fighting a Two-Flank WarTwo months ago, Sen. Elizabeth Warren, D-Mass., was commanding support from about one-quarter of Democratic primary voters nationwide and seemed to be building a coalition that cut across demographics.While she remains a leading candidate, after a grueling autumn, polling averages show that her support
Baca lebih lajut »
Elizabeth Warren Gets Off the MatThe Plans Candidate makes the case that confronting the kind of big shots who donate to her rivals is a matter of economic necessity, not personal enmity.
Baca lebih lajut »
Warren: ‘We want to transform this country, let's start with our babies’Democratic presidential candidate Sen. Elizabeth Warren at Public Education Forum 2020: Free and universal early education would be transformative for children, parents and educators - and could be paid for with her wealth tax plan.
Baca lebih lajut »
Buttigieg releases list of 113 campaign fundraisers after criticism from WarrenButtigieg's move to open up his fundraisers to the press and disclose the names of his bundlers come amid a series of disclosures that included the release of his client list from when he worked as a consultant at McKinsey & Co.
Baca lebih lajut »
Rapinoe kicks 2020 into gear with endorsement of Democrat WarrenUnited States forward Megan Rapinoe threw her political support behind Democrati...
Baca lebih lajut »
Blowback from U.K. election burns Warren, SandersThe Labour Party’s resounding defeat in the U.K. provided fresh ammunition for the arguments of moderates who contend that if the party backs Bernie Sanders or Elizabeth Warren, they’ll lose the Rust Belt and perhaps even elsewhere.
Baca lebih lajut »