Guess how many grams of sugar are in this normal looking sized bottle of Cherry Coke?
Is that 20 ounce?
It is 20 ounce?
Yep.
40.
Nope.
50.
70.
In a 20 ounce bottle there's 70 grams of sugar.
70 grams of sugar in one 20 ounce bottle.
Wow.
I can't believe they still sell this stuff.
Welcome to Season 8, Episode 6 of Acquired the Podcast about great technology companies and the stories and playbooks behind them.
I'm Ben Gilbert and I am the co founder and managing director of Seattle based Pioneer Square Labs and our venture fund, PSL Ventures.
And I'm David Rosenthal and I am an angel investor based in San Francisco.
And we are your hosts.
On our last episode, we told the story of Warren Buffett in the years of running his own partnerships, those 12 years leading up through 1969 when he shut it down after his best year ever and returned all the money to his investors.
Today, we will pick up right where we left off, telling the story of the declining suit liner manufacturer that he bought, Berkshire Hathaway.
Today's story is one of an investment style in transition from a focus on cigar butts to a focus on wonderful businesses, much of which was inspired by the man we've only briefly mentioned so far, Charlie Munger.
Now, you may be thinking to yourself, boy, it'll be really great to get the other half of the Berkshire story to understand where they are today.