Capital Strategy1 book · 2 highlights
Decline Buffett Until Terms Fit
Books Teaching This Pattern
Evidence
China's New Richest Man - Wang Chuanfu
叶青 · 2 highlights
“oo large and did not match the company’s own investment development plans, so he declined Buffett’s generous offer. Wang Chuanfu’s refusal surprised and disappointed Buffett. After further negotiations with Wang Chuanfu, Buffett agreed to reduce the investment to $230 million, and the two parties ultimately reached an investment and share subscription agreement. This broke Buffett’s record for the smallest investment amount, arguably making it the second time the "Stock God" made an exception for a Chinese company.”
“Wang Chuanfu did not get too excited as his team, after evaluating the investment proposal, thought that the equity Buffett would hold was t”
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