People can point to WEB's investing track record and what a great idea it was to move BH from textiles to insurance to allow him a large pool of zero (or profit

People can point to WEB's investing track record and what a great idea it was to move BH from textiles to insurance to allow him a large pool of zero (or profitable) capital to invest. At some point investing kind of poops out as the law of large numbers kicks in. However WEB is able to acquire companies that are not otherwise on the market because of his reputation as a manager and the very substantial credibility he has with his track record. Iscar is the latest that comes to mind.