Ken Langone
👤 SpeakerAppearances Over Time
Podcast Appearances
I'm stupid.
Because I'm stupid.
I'm loyal.
I'm even loyal to my investment positions.
What am I going to tell you?
You know, you're loyal, you're loyal.
Look, I got my Lilly stock two years before Home Depot was founded.
A little medical device company, they bought it.
I got to know the management people.
I liked them.
You know, they were solid Midwestern people.
The guy that I negotiated the deal with was a tough son of a bitch by the name of Gene Stepp.
But I had such aberration to respect the gene.
I had no doubt that Lilly would turn out to be a great company.
Now, it didn't hurt that if I sold the stock, I'd have had a hell of a tax, because my cost basis
The little device company I took over at a proxy fight, had a market cap of a million and a half dollars.
Okay?
Had a market cap, a million and a half dollars.
Lilly gave us $50 million.
That was a proxy fight.