Talk to Kevin O’Leary about what he’s learned in his career, and he’ll talk about cat food.
Cat food, because as a young MBA student, he took a summer job at Nabisco marketing the stuff. He says he learned that all the flavours were built out of two ingredients: beef paste and tuna paste.
Some years later, at the software company he co-founded, SoftKey Software Products (later renamed Learning Co.), he says he had a “eureka moment” and applied the lesson from cat food: “All you need is two engines, and the flavours come from that.” To Mr. O’Leary, the engines for educational software were reading and math.
Today, having made millions from the sale of that company, Mr. O’Leary is a television star, with his reality shows Shark Tank and Dragons’ Den, and his nightly spot on the CBC’s The Lang & O’Leary Exchange.
http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/the-kevin-oleary-machine/article1604357/He apparently takes home 10 million a year. But he thinks that Berkshire owner taking home a hundred thousand a year is not comparable. Why? Because the Berkshire head makes a lot more on his ownership. Well perhaps O'Leary might try out the Berkshire method?