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 17

The Last Step Is Always Slippery

AFTER A brief deal-making hiatus, Berkshire Hathaway’s March 14, 2011, decision to buy the Lubrizol Corporation for approximately $9 billion marked Warren’s return to the mergers and acquisitions market. Lubrizol, based in Cleveland, is a chemical company that produces additives for gasoline, diesel fuel, engine oils, and other industrial lubricants.11

This was a nice addition for Warren, but apparently someone else had reasons to grease the deal.

David Sokol, a former star executive and potential candidate to replace Warren atop the Berkshire empire, faced a Securities and Exchange Commission inquiry shortly after the deal when it emerged that he had bought shares in Lubrizol while he was helping to ...

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