Warren Buffett acquired Iscar, a metalworking company, for $4 billion without ever visiting its factory. Buffett, known for his meticulous investment strategy, emphasized thorough research over gut feelings. He focuses on companies with strong leadership, consistent performance, and transparency. Buffett quipped that seeing the factory might have led him to offer more, as the deal doubled in value within seven years.
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00:00Imagine buying a $4 billion company without ever seeing it.
00:03Well, Warren Buffett did exactly that.
00:06Buffett, known for his sharp investment strategies,
00:09once acquired Iscar, a metalworking company, without setting foot in its factory.
00:14He famously said,
00:15I love your business. I love you. I'll give you $4 billion, but I'm not crossing oceans.
00:21It wasn't blind luck.
00:22Buffett doesn't rely on gut feelings. He relies on research.
00:26He devours annual reports the way most people scroll social media,
00:30looking for businesses with strong leadership, consistent performance, and real transparency.
00:36Years later, after finally visiting Iscar, Buffett joked,
00:39If I'd seen this thing, I'd have paid you more.
00:42That deal doubled in value in just seven years.