October 29, 2014 Bloomberg - David “Sandy” Gottesman, who became a billionaire by buying shares decades ago in the company his friend Warren Buffett was building, said it’s unlikely another such business will ever be created.
Buffett, 84, took control of Berkshire Hathaway Inc. (BRK/A) in 1965 and reshaped the textile maker through stock picks and dozens of acquisitions. It’s now the fifth-biggest company in the world by market value and has operations ranging from auto insurer Geico to railroad BNSF.
“I don’t think it’s going to happen again,” Gottesman said of Berkshire during a panel discussion yesterday at the Benjamin N. Cardozo School of Law in New York. “If it is, I hope my firm spots it.”