Never mind that with a twinkle in his eye, the legendary investor added a rider: “…at your cost price.”
Dan Gilbert was interviewing Warren Buffett (full video interview at bottom of the post) on the occasion of Detroit Homecoming, a three-day event last week that focused on how to revitalize Detroit and attended by eminent business leaders.
On Detroit and GM
Buffett was philosophical on Detroit’s current travails, saying that its finances had gotten out of hand – something that happened to many cities. He drew an interesting parallel with New York, 40 years ago, which was in a situation much like Detroit today, but where people got together and thrashed out a solution (“not a bankruptcy, but much like one”) that...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
