Warren Buffett: Not Interested in Unfriendly Deals

The transcript covers various business deals by Berkshire Hathaway, including the acquisition of Precision Castparts and a company from Israel. It discusses the role of investment bankers, the approach to unfriendly deals, and the rationale behind investing in the railroad industry. The speaker shares insights on deal-making criteria and the decision-making process.

What was the total value of the Precision Castparts acquisition by Berkshire Hathaway?

• $40 billion

• $37 billion

• $32 billion

• $45 billion

How did the investment banker try to justify their fee in the American Energy deal?

• By offering additional services

• By reducing the offer price

• By increasing the offer price

• By providing a detailed analysis

What was the outcome of the negotiation with the investment banker in the American Energy deal?

• The offer remained the same

• The offer was decreased by $0.05

• The offer was increased by $0.05

• The offer was increased by $1

What was unique about the acquisition of the company from Israel?

• It involved a hostile takeover

• It was initiated by a letter from the company

• It required a visit to Israel

• It was the largest acquisition by Berkshire Hathaway

Why was the railroad industry considered a good investment by Berkshire Hathaway?

• It had low competition

• It had a history of high profits

• It was modernized and rationalized

• It was a new and emerging industry