Warren Buffett Speaks Fondly of Pete Liegl in Annual Letter – RVBusiness – Breaking RV Industry News
Fortune Magazine online writes, “When Warren Buffett bought an obscure RV maker he promised to pay the CEO whatever he asked– it’s not a tactic Buffett recommends, but the gamble paid off.”
Warren Buffett honored Pete Liegl, the late CEO of Forest River, in his annual letter, highlighting how Liegl’s leadership turned the RV company into one of Berkshire Hathaway’s most successful investments. Buffett praised Liegl’s no-nonsense business style, his modest salary request, and his exceptional management, emphasizing that a single great decision—like acquiring Forest River—can have a lasting, transformative impact.
Warren Buffett says not many people will know the name Pete Liegl, and yet he is a man who contributed “many billions” to the wealth of Berkshire Hathaway shareholders.
Click here to see the complete article at Fortune.com.
