Warren Buffett’s 800 million purchase in Krefeld turns into a disaster

New York, Dusseldorf Trust is the most important thing, said Ted Weschler. The investment manager of Warren Buffett’s legendary Berkshire Hathaway group of companies spoke to Handelsblatt in May 2017 about the adversity of shopping in Germany. A foreign language, a foreign legal culture. But these circumstances are also an opportunity.

“This means that trust is even more important, this threshold is particularly high,” said Weschler. “They sit together for hours in conversation before an acquisition. You must be able to judge how honest the intentions of the negotiating partners are. “