Warren Buffett’s Protégé Is Building a Mini Berkshire https://www.wsj.com/articles/warren-buffetts-protege-is-building-a-mini-berkshire-11649496605
Tracy Britt Cool spent a decade working for Warren Buffett. She now wants to buy the kinds of companies that might have interested the famed investor 30 or 40 years ago.
Those are businesses typically run by founders or family owners that have solid performance and competitive “moats”—a favorite term of Mr. Buffett’s—yet aren’t big enough to draw Berkshire Hathaway Inc.’s attention today.
“Berkshire needs multibillion-dollar acquisitions to move the needle,” Ms. Cool says. “So many of the people who contact us or reach out would want to sell to Berkshire, but they’re just too small.”
Brighter ideas 