No. of Recommendations: 15
A transcript of todays CNBC talk in Tokyo with Warren Buffet & Greg Able,
https://www.cnbc.com/2023/04/12/full-transcript-be..........................
BECKY QUICK: So, how do you two work together? And what'
WARREN BUFFETT: He does all the work, and I take the bows ' it's exactly what I wanted.
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BECKY QUICK: So, what's an example? If he's tougher on you than things, what's one example where he's been tougher than you would have been? Either of you could answer that.
GREG ABEL: Well, I think one, Warren, Warren grew up with all the businesses. He acquired 'em or they're already there. So, when I came in, I had the opportunity to start from scratch. I had to learn the businesses and their industries, which means there's going to be an active dialogue with the managers. And that helps immediately, that I was able to at least have that dialogue. And then associated with that, because I'm learning the business, I had the opportunity to discuss their businesses and expectations around it. And I would say just even communicating around how they allocate their capital, how they're using it. And I wouldn't say giving 'em the absolute requirements but providing direction in those areas has been beneficial, I think, both for Berkshire but for them. They like that type of input.
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ciao
