00:00Imagine buying a $4 billion company without ever seeing it.
00:03Well, Warren Buffett did exactly that.
00:06Buffett, known for his sharp investment strategies,
00:09once acquired Iscar, a metalworking company, without setting foot in its factory.
00:14He famously said,
00:15I love your business. I love you. I'll give you $4 billion, but I'm not crossing oceans.
00:21It wasn't blind luck.
00:22Buffett doesn't rely on gut feelings. He relies on research.
00:26He devours annual reports the way most people scroll social media,
00:30looking for businesses with strong leadership, consistent performance, and real transparency.
00:36Years later, after finally visiting Iscar, Buffett joked,
00:39If I'd seen this thing, I'd have paid you more.
00:42That deal doubled in value in just seven years.
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