Matt Frankel

He's been writing them for decades, or he was writing them for decades.

He wrote his last one last year.

There are certainly some company-specific business discussions, you know, specific to Berkshire.

But he generally spent about half of each letter talking about important investing principles, lessons he's learned, like how index fund investing can be a great tool, how to avoid excessive fees when you're investing.

how to have the right mentality in stock market crashes and corrections and recessions, and a whole lot more.

Now, his letters have been compiled into books that you can buy, but they are all available for free at BerkshireHathaway.com, right on their website.

And because they're relatively short, you can read one here, one there, and just pick up some lessons as you go.

Great thing for first-time investors to read.

Yeah.

As Matt says, Restaurant Depot is a much different business, arguably a better business, better margins, decent cash flow.

It better be because Cisco is paying a price that's higher than Cisco's multiple.

They are hoping to see their business improve because of Restaurant Depot.

Real question for me is, can they get this done?

Last time Cisco tried something like this with U.S.

Foods, antitrust got in the way.

It's a decade later.

And as I said, they are different businesses.

But, you know, we'll see how it plays out.

Tyler, I do have to say, though, you said interesting.

And to me, back when I was in dealmaking world, there was nothing more interesting than a reverse Morris Trust deal.