Warren Buffett Knew Nothing About This Business. It Made Him Billions.

Warren Buffett had never heard of the man who would become one of his favorite CEOs—until he decided to buy his company. 

Berkshire Hathaway’s BRK.B 2.27%increase; green up pointing triangle leader was in his office in Omaha, Neb., one day 20 years ago when he received a two-page fax out of the blue pitching his next acquisition: an RV manufacturer called Forest River. At the time, Buffett didn’t know the first thing about the business of recreational vehicles. Which meant he didn’t know the name Pete Liegl.