Tag Archives: Warren Buffett

Warren Buffett’s Strategy, Selling Your Business, and Other Topics in Podcast Interview

I was interviewed recently by a very good business broker, Jim Cumbee of the Tennessee Valley Group.  I have gotten to know Jim this year as we worked on a transaction and we had a fun discussion about several topics including: Lessons learned about selling… Continue reading

Berkshire Hathaway Annual Meeting Notes for 2014

For those you have not attended a Berkshire Hathaway annual meeting, picture this scene at the 2014 meeting.  A stadium is filled to its capacity of 30,000 people with another 8,000 in overflow rooms at the adjacent conference center and hotel.  For nearly six hours,… Continue reading

Berkshire Hathaway: If You Love the Management, Set Them Free

Private equity investors often take the “father knows best” approach to working with their management teams.  To me, this is crazy — particularly when the management team has years of experience with the business, the investors are new to the business, and the track record… Continue reading

New $20 Million Investment Fund Looking for Profitable, Fast-growing Businesses

Greybull Stewardship, L.P., an investment fund, completed in January 2014 its $20 million round two capital commitments. Since the fund’s January 2010 inception, annual returns have realized 23 percent after fees. As a result, existing Limited Partners (LPs) increased their commitments and new LPs were… Continue reading

Ideal business financing for growing, profitable companies in 100 posts or less?

“Teach what you want to learn” is the theme with which I started this blog in April 2012.  Since then, I have written 100 posts — which means I’ve learned for myself and shared what I’ve learned under several themes: Business financing and venture capital… Continue reading

Know Thyself Helps You Manage Yourself by Peter Drucker

“Managing Oneself”, as written by Peter Drucker, may be a modern business addition to the foundation of “Know thyself,” the famous saying from the Greek Temple of Apollo at Delphi, and “To thine own self be true” in Shakespeare’s Hamlet (although this phrase’s speaker in… Continue reading

Joys of Ice Cream, Apple Pie, and Recurring Revenue

Charlie Munger, Vice Chairman of Berkshire Hathaway, once told a friend of mine that if Charlie were a young man, he would be “trying to find online recurring revenue businesses” — like many that are being built and growing today. The combination of recurring revenue… Continue reading

Business Buyers According to Warren Buffett: Competitors, Flippers, or Berkshire Hathaway!

Whether to sell a business or accept outside equity capital is a high stakes decision for business owners.  Trade-offs are natural and necessary — we instinctively know that we cannot achieve every objective in every decision.  It is pretty easy to categorize the business buyers… Continue reading

BCG Growth Share Matrix of Cash Cows, Dogs, and Stars

Older ideas, seen anew, can be helpful to business owners.  In that spirit, I have highlighted Economies of Scale and Michael Porter’s Five Forces previously.  Today, I highlight another older idea in the Boston Consulting Group (BCG) Growth Share Matrix that was developed by the global consulting… Continue reading

Investment Wisdom Convergence from Clayton Christensen and Charlie Munger

When two great thinkers come to a similar idea from different starting points and careers, I pay attention.  For business and investment wisdom, Clayton Christensen of the Harvard Business School teaches his students a collection of “theories and frameworks” to help them understand and deal… Continue reading