The stocks he has bought in the past that have paid off are Facebook, Amazon, Netflix, and Alphabet. These companies have performed well because they provide a valuable service to consumers. And have innovative business models.
What are the stocks he has bought in the past that have paid off?
Here is the full interview with Buffett: QUESTION: In the past, you have had some disagreements with people in this industry.
What is your opinion on the relationships between these companies and their suppliers? Ted Griggs: It’s a difficult question because there will always be disagreements and disputes between companies and their suppliers.
I would say that it’s essential for large companies to always work with suppliers they can trust, where there are good relationships, and where a company can go to them if they have a problem or need to find something or ask them a question.
DENTON: It sounds like you have an advantage over small companies. You have relationships with your suppliers. Maybe they used to be your employees?WANG: Right, that’s true, too. That’s a significant advantage for us because when we ask small companies for quotes, so many variables come up so much competition, and sometimes the price can be lower.
But if we go through a broker, we end up with the same price. As a result, large firms like John Hancock can offer lower rates because they negotiate more favorable terms. With providers.
Wealthier individuals can take advantage of broker relationships to avoid a tiered pricing structure. Still, people who lack the means to pay for a full-service broker might be forced to buy insurance through their work plan.