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I think the Iscar acquisition is VERY interesting. For the first time in a while I'm getting excited about Berkshire.

A few things I noticed from gdefelice's article:

Tomorrow I want to carry out big acquisitions: I had to do it with new backing

Very interesting.

At nine at night we met with him, until one in the morning. He put us through 'hot, cold'. Later we understood that's part of the process by which they work.

I would love to know what this means. I assume that he means that Buffett and Munger indicated alternately interest and lack of interest to figure out what their motivations and interests were -- to see if they were in it for the money or the culture.

We went back to Omaha on Friday at six in the evening. He opened the door himself. We sat and talked until nine and in the morning, we arranged to meet.

Lordy be. Buffett and Munger are not spring chickens. I hope they can handle a half dozen more acquisitions like this! :-)

T
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