Submitted by MarketFolly on Tue, 2017-04-18 15:36
- Lemann met Buffett at the Gillette board and Buffett said he was very rich in the sense that he had tons of time and was able to do what he loves and that's what Lemann wanted after selling the bank.
- "The first thing I want is a business I understand... where it'll be 10, 15, 20 years from now. Understand if there's some economic castle with a moat, and whether the knight in the castle is any good." - Buffett.
- For more wisdom, we've also highlighted Warren Buffett's 2016 letter as well as Buffett's talk with Bill Gates.