7
In a surprising turn of events two decades ago, Warren Buffett invested in RV manufacturer, Forest River, a move that has proven to be a profitable venture for Berkshire Hathaway Inc. (NYSE:BRK). The recently passed founder of Forest River, Pete Liegl, played a significant role in this success story.
What Happened: Buffett was not familiar with the RV industry or Liegl when he was presented with a proposal to acquire Forest River. Despite his unfamiliarity, he was captivated by the business and its $800 million price tag. After a short meeting with Liegl, Buffett made an offer and the deal was finalized.
Following the acquisition, Forest River has emerged as …
