All this comes about thanks to bibi's vision, AND ISRAELIS ARE DO NOT REALIZE THIS. 11 May 2006 What Warren Buffet Saw In Israel Israel’s economic analysts are jubilant after investor’s groundbreaking $4 billion deal with Galilee machine tool maker (Joshua Mitnick - Israeli Correspondent, The Jewish Week) Arriving back home in Israel after securing one of the largest foreign investments in the history of the Jewish state, Iscar Co. Chairman Eitan Wertheimer flashed a palm full of business cards with one from Microsoft at the top. “We’ve been in a lot of talks with Bill Gates,” Wertheimer told Israel’s Channel 2 television news, half bragging and half joking. Wertheimer wasn’t the only one with a little extra hubris this week, after Warren Buffet’s Berkshire Hathaway agreed to pay $4 billion in cash for 80 percent control of Iscar, a multinational machine tool maker with its headquarters in the northern Israel town of Tefen. Without ever visiting Iscar or Israel, the world’s second richest man has made an extraordinary wager on the Galilee manufacturer and the entire Israeli economy. The endorsement by Buffet, the Nebraska businessman known for his prescient and conservative investment record, was better PR for Israel than any government ministry ad campaign. |
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