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What is " by a factor of 10'? Talking about the merge of Berkshire Hathaway Inc. and General Re Corporation, it is said: This is not simply Buffett’s biggest deal—it is his biggest deal by a factor of 10. The $22 billion transaction amounts to 60% of Berkshire’s shareholder equity of $34.8 billion (as of March 31, 1998). This is a “bet the company” deal.
Oct 16, 2018 1:47 AM
Answers · 4
It is his biggest deal by a factor of 10 = The value of this deal is 10 times the value of his next highest valued deal. Based on the next sentence, we can assume that his second biggest deal was worth $2.2 Billion.
October 16, 2018
factor of 10 means multiplied by 10.
October 16, 2018
factor of 10 means multiplied by 10.
October 16, 2018
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Seven
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