- “I wish I’d thought of it,” the billionaire investor told Fortune about the home-sharing platform in 2015.
- However, Buffett is also a mentor to Airbnb CEO and cofounder Brian Chesky.
- The pair had lunch for more than four hours in 2014, and Chesky wrote a 3,600-word report about their conversation, Fortune said.
Warren Buffett may have mixed feelings about Airbnb ‘s successful IPO , as he kicked himself for not coming up with the business model a few years ago.
“I wish I’d thought of it,” the famed investor and Berkshire Hathaway CEO told Fortune in 2015.
Airbnb – which lets people rent out their spare bedrooms and homes online – racked up $2.5 billion in revenue in the nine months to September 30, despite the painful impact of the coronavirus pandemic. It raised $3.5 billion in its trading debut, scoring a market valuation of around $100 billion.
However, Buffett is probably happy for Airbnb CEO Brian Chesky, who counts the investor among his mentors.
When Chesky flew to Omaha to have lunch with Buffett in 2014, the pair spoke for more than four hours. Fortune reported that Chesky was so worried he would forget their discussion that when he went to the airport, he typed up a 3,600-word report and sent it to his team.
The Airbnb chief was struck by the lack of distractions in Buffett’s life. “There’s no TVs anywhere,” he told Fortune. “He spends all day reading. He takes maybe one meeting a day, and he thinks so deeply.”
Chesky gained another insight during a previous lunch with Buffett and Jeff Bezos. The Amazon CEO asked the Berkshire boss why everyone doesn’t just copy his long-term investing approach. “Nobody wants to get rich slow,” Buffett replied.
However, Buffett is probably happy for Airbnb CEO Brian Chesky, who counts the investor among his mentors.
When Chesky flew to Omaha to have lunch with Buffett in 2014, the pair spoke for more than four hours. Fortune reported that Chesky was so worried he would forget their discussion that when he went to the airport, he typed up a 3,600-word report and sent it to his team.
The Airbnb chief was struck by the lack of distractions in Buffett’s life. “There’s no TVs anywhere,” he told Fortune. “He spends all day reading. He takes maybe one meeting a day, and he thinks so deeply.”
Chesky gained another insight during a previous lunch with Buffett and Jeff Bezos. The Amazon CEO asked the Berkshire boss why everyone doesn’t just copy his long-term investing approach. “Nobody wants to get rich slow,” Buffett replied.