The first call

Unlike [leveraged buyout] operators and private equity firms, we have no “exit” strategy—we buy to keep. That’s one reason why Berkshire is usually the first—and sometimes the only—choice for sellers and their managers. For somebody that cares about a business that they and their parents and maybe their grandparents lovingly built over decades—if they care about where that business ends up being after, for one reason or another, they don’t want to keep it or can’t keep it in the family, we absolutely are the first call.