Warren Buffett Speaks About TTI, Parent Company of Symmetry Electronics | Symmetry Blog
Symmetry Electronics is proud to be a member of the TTI family of companies and the Berkshire Hathaway family. As a rapidly growing company with a global distribution reach and a constantly expanding inventory, Symmetry continues to add to the TTI family's track record of success.
Recently, Warren Buffett spoke about the TTI family during the latest Berkshire Hathaway Shareholders Meeting. Watch the video to hear what Warren Buffett and Charlie Munger have to say about TTI and CEO Paul Andrews.
Here is the full report from TTI, Inc:
Global electronics distributor, TTI, Inc. found itself in the limelight at the annual Berkshire Hathaway Stockholders meeting last week in Omaha, Nebraska where more than 40,000 investors gathered to hear sage investment advice from the world’s greatest investors, Warren Buffett and Charlie Munger.
During the highly anticipated question and answer session, the investment duo was asked to discuss the extraordinary growth that the TTI family of companies is experiencing as one of Berkshire Hathaway’s fastest growing non-insurance businesses. TTI was purchased by Berkshire Hathaway in 2007 and remains the only electronics company in the Berkshire Hathaway portfolio.
Buffett first acknowledged founder and CEO, Paul Andrews, for his vision and exceptional management style for making the worldwide operation the success it is today. He spoke of the complexity of the business requiring a very high number of transactions on low cost components and shared this insightful premonition, “Something is going on out there, nobody is just buying these parts and storing them in their basement, these part are getting used.”
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