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Berkshire Beyond BuffettThe Enduring Value of Values$
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Lawrence Cunningham

Print publication date: 2014

Print ISBN-13: 9780231170048

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231170048.001.0001

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Self-starters

Self-starters

Chapter:
(p.86) 7 Self-starters
Source:
Berkshire Beyond Buffett
Author(s):

Lawrence A. Cunningham

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231170048.003.0007

This chapter focuses on individuals who embody the entrepreneurial spirit that pervades Berkshire culture. While many associate entrepreneurship with a habit of incubating businesses and moving on to the next one, Berkshire’s entrepreneurs are more inclined to focus on innovation within a business and to toil assiduously in that one domain. Among these is Albert Lee Ueltschi, a Kentucky-born entrepreneur who founded FlightSafety International Inc., the world’s premier pilot training school. Another is Richard T. Santulli, founder of NetJets, who developed a time-share concept for private planes. He began selling fractional interests in given planes to multiple owners; his company would then operate the fleet in exchange for customer service fees. His model of fractional ownership offered ease and freedom of private aviation at a fraction of the cost. The remainder of the chapter covers the following Berkshire subsidiaries: Garan Inc., Justin Industries, Acme Brick, and International Dairy Queen Inc.

Keywords:   entrepreneurs, entrepreneurship, Albert Lee Ueltschi, FlightSafety International Inc, Richard T. Santulli, NetJets Berkshire Hathaway, Garan Inc, International Dairy Queen Inc, Justin Industries, Acme Brick

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