Nebraska Furniture Mart

The 89-year-old who sold to Buffett, then started a competitor down the block

Sam's tweetstorm tale of Rose Blumkin of Nebraska Furniture Mart: a Bulgarian Jewish immigrant who built a furniture empire, sold it to Warren Buffett on a one-page handshake deal at 89, retired at 94, then opened a competing store next door because there was no non-compete.

“at the age of 89, she sells to him for like a couple billion dollars. Then, uh, she works there for 4 more years. At the age of like 94, she, her family's like, look, you got to retire, retires for 3 months. And then goes, "Fuck it. I got to get back into it." Starts a competitor down the block and Warren Buffett also buys that because he didn't have a non-compete clause in her contract because he was like, "Well, she's just going to die." Never underestimate the 90-year-old lady.”