Can Warren Buffett's Grandnephew Make You Richer?
Boston Omaha (NASDAQ: BOMN) is an Omaha, Nebraska based holding company that has more than a geographical connection to Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). Its business model and understated management team makes comparisons to Warren Buffet's Berkshire unavoidable. In fact, Alex Rozak, one of Boston Omaha's CEOs, is also the grandnephew of Buffett.
Investors in Berkshire have profited over the decades largely to the capital allocation skills of Buffett and his partner, Charlie Munger. Similarly, the success of Boston Omaha is going to depend on the leadership of Rozak and co-CEO Adam Peterson. Despite only being a public company since 2017, Boston Omaha is already showing it has the potential to reward shareholders, even if comparisons to Berkshire might be premature.
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Source Fool.com
