Do you have a Business to Interest Mr.Berkshire hathway a.k.a Warren Buffet

The more that i read about business legends, the more i am amazed by their ability to put their entire business approach into simpler words (that even morons like me can appreciate).... It is so-unlike the earlier quotes which i always hear, "The Higher Up the Ladder, the Bigger the Shit"

Warren Buffet, a legend beyond compare purely for his strict investing principles (frugal as the man himself).

Just to get a dose of this legend do read "The Chairman's letter - 1994" don't know if he still writes much to the share-holders but this is a true gem for investment advices.

And of course, coming back to the title of the Post... if you really have a business plan that interests Mr.Buffet here are the criteria (So succinct yet so filled-with knowledge)

BERKSHIRE HATHAWAY INC.
ACQUISITION CRITERIA

We are eager to hear from principals or their representatives about businesses that meet all of the following criteria:

1. Large purchases (at least $50 million of before-tax earnings),
   
2. Demonstrated consistent earning power (future projections are of no interest to us, nor are "turnaround" situations),
   
3. Businesses earning good returns on equity while employing little or no debt,
   
4. Management in place (we can't supply it),
   
5. Simple businesses (if there's lots of technology, we won't understand it),
   
6. An offering price (we don't want to waste our time or that of the seller by talking, even preliminarily, about a transaction when price is unknown).

The larger the company, the greater will be our interest: We would like to make an acquisition in the $5-20 billion range. We are not interested, however, in receiving suggestions about purchases we might make in the general stock market.

We will not engage in unfriendly takeovers. We can promise complete confidentiality and a very fast answer -- customarily within five minutes -- as to whether we're interested. We prefer to buy for cash, but will consider issuing stock when we receive as much in intrinsic business value as we give.

Charlie and I frequently get approached about acquisitions that don't come close to meeting our tests: We've found that if you advertise an interest in buying collies, a lot of people will call hoping to sell you their cocker spaniels. A line from a country song expresses our feeling about new ventures, turnarounds, or auction-like sales: "When the phone don't ring, you'll know it's me."

* Source : http://www.berkshirehathaway.com/1999ar/acq.html