Warren Buffett Quotes
It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.
In the early 20th century, Heinz’s food company had remarkably high standards of cleanliness, health and safety. It as a time where his competition was not other food manufacturers but the vast fear of Americans that packaged food could not be trusted to be safe, much less healthy was what hampered sales. When Theodore Roosevelt introduced the concept of Federal food safety regulation, every major food company was vehemently opposed except for Heinz who claimed that the greatest beneficiary of Federal inspection would be the commercial food industry. He was right, but ironically Heinz was an example of the company that did not need Federal regulation to meet reasonable standards of public safety.
Warren Edward Buffett is an American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over US$100.6 billion as of April 2021, making him the world's seventh-wealthiest person.