O'Reilly logo

How to Close a Deal Like Warren Buffett: Lessons from the World’s Greatest Dealmaker by Henry DeVries, Tom Searcy

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

LESSON 4

Bad Deals at Good Prices Are Still Bad Deals

IN 1962, Warren merged all his partnerships into one, then invested in and eventually took control of a textile manufacturing firm, Berkshire Hathaway, that would become his holding company. However, he regards the deal not as a great triumph but perhaps as his biggest deal-making blunder.

Buffett on Bargain Purchase Folly

“You might think this principle is obvious, but I had to learn it the hard way—in fact, I had to learn it several times over,” Buffett wrote in his 1989 letter. “Shortly after purchasing Berkshire, I acquired a Baltimore department store, Hochschild Kohn, buying through a company called Diversified Retailing that later merged with Berkshire. I bought at a substantial discount ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required