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Tracy Britt Cool has been busy acquiring midsized companies — ones too small for her old boss Warren Buffett at Berkshire Hathaway — and now she wants to build a close-knit community for these smaller businesses. Unlike the Berkshire CEO's laissez-faire approach to managing his companies, however, Cool is more hands-on, guiding company leaders through hiring and developing strategies. "We want to be the trusted home for midsized companies," Cool said in an interview. Buffett influence Cool famously got a job working for Buffett as his financial assistant by sending the "Oracle of Omaha" a letter after graduating Harvard Business School. Cool declined to comment on her relationship with Buffett or her experience at Berkshire.
Persons: Tracy Britt Cool, Warren Buffett, Berkshire Hathaway —, Buffett, Charlotte, Kanbrick, Brian Humphrey, Cool, Kanbrick hasn't, Benjamin Moore, it's Organizations: Berkshire Hathaway, Elite, Cool, Harvard Business School, Oriental Trading Company, Systems Locations: Berkshire, Nashville, Kansas, Omaha, Pennsylvania
Few investors, however, have gotten the opportunity to emulate the Oracle of Omaha the way Tracy Britt Cool has. Where Britt Cool is forging her own pathDespite the similarities in approach, Britt Cool says she isn't trying to build a mini Berkshire. The bigger you get, the harder it is to deliver the same returns," Britt Cool says. Kanbrick, meanwhile, focuses on small to midsize companies where Britt Cool says she and her team can add the most value. A hands-on approach Buffett likes to delegate, letting people he thinks are great managers run the show.
Persons: Berkshire Hathaway, Warren Buffett, Tracy Britt Cool, Britt Cool, Buffett, Britt Cool's, they're, Warren Organizations: Oracle, Berkshire Holding, Wall Street, Berkshire Locations: Berkshire, Omaha
Warren Buffet protégé Tracy Britt Cool famously got her job with Buffet by asking for one in a letter in 2009. She said on CNBC Make It that the risk of doing so is pretty low, "so why not try?" While her letter to Buffet helped land her the job, Britt Cool told CNBC that she also wrote letters to executives she admired while still a student. Britt Cool isn't alone in her proactive approach to career building. Britt Cool did not immediately respond to a request for comment from Insider sent outside regular business hours.
Persons: Warren Buffet protégé Tracy Britt Cool, Buffet, Morgan Stanley's, Bear Stearns, Tracy Britt Cool, Berkshire Hathaway, Britt Cool, Morgan Stanley, That's, I've, Britt Cool isn't, Madonna, Hunter, Thompson Organizations: CNBC, Service, Warren, Oracle, New York Times, Bloomberg, Berkshire Hathaway, Wall Street Journal, Berkshire, Vancouver Sun Locations: Wall, Silicon, Berkshire, Omaha
Read any story about Tracy Britt Cool, and you're likely to come across the same anecdote. After graduating from Harvard Business School in 2009, she mailed a letter to Berkshire Hathaway Chairman Warren Buffett asking for a job at the legendary firm. After meeting with the Oracle of Omaha, she got one working as Buffett's financial assistant. The letter, and the tremendous success that it's led to, is the stuff MBAs and aspiring entrepreneurs daydream about. And maybe it was — but Britt Cool was willing to take a million shots.
Persons: Tracy Britt Cool, Warren Buffett, Buffett, Britt Cool, Kanbrick, Britt Cool's, it's Organizations: Harvard Business School, Berkshire Hathaway, Oracle, Berkshire, Wall Street, CNBC Locations: Berkshire, Omaha
Warren Buffett's ex-deputy blasts meme stocks and cryptos and welcomes a more sensible market. Tracy Britt Cool advises investors to be careful and touts ChatGPT as groundbreaking. Here are the six best quotes from Britt Cool and her Kanbrick cofounder in their annual letter. Tracy Britt Cool and her Kanbrick cofounder, Brian Humphrey, also jabbed at meme stocks and cryptocurrencies, and hailed artificial intelligence as a game-changing technology. (Britt Cool and Humphrey singled out commercial real estate, heavily indebted companies with floating-rate loans, and the mushrooming federal debt as areas of concern.)"
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