Warren Buffett’s Investment in Iscar (Videos Available)
Sep 29th, 2006 by Martin Lee
Recently, Buffett paid $4 billion to buy 80% of the shareholdings in Iscar. An one-hour tour of the Tefen plant was enough to satisfy him that it was the right thing to do.
“My partner Charlie and I had the opportunity to see magic with our own eyes during our visit to Iscar,” Buffett said. He added, “We’ve seen thousands of companies and have never seen such a combination of enormous achievement, power, talent and imagination as we saw at Iscar, a company that grew out of nothing to become a supplier to international companies.“
He was so convinced of what he saw that he’s now prepared to look at additional investments in Israel.
Here are 3 video clips (total 43 minutes) of the media briefing with lots of sharing by Buffett.
The entire site is in Hebrew; to see the videos, just click on the pictures with Buffett’s photos. You need to wait a couple of minutes for the Hebrew commentary to finish before you can hear Buffett speaking in English.
You need to quickly go and watch it now as the photos will not appear on the front page after a few days. Once they are no longer there, you will need to navigate the site to find them. Which will be a challenge unless you know Hebrew.