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Lemann (3G) and Buffett at Harvard Business School 2017


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Here is a video of Lemann and Buffett  at Harvard Business School. it's an hour long conversation. 

 

Lemann was getting an award, I think he just gave Harvard a chunk of money, and Buffett walks in (to rapturous applause, of course), he sits down and the discussion starts.

 

(I skipped the first 5 minutes, some in Portuguese, how great Lemann has been, etc. and the surprise entrance.)
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As always there's some nugget of investing wisdom Buffett offers up if you listen closely. He said the capital requirements of See's is taken care of by their gift card float. That must be a $50 million liability at this point!

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