It was a complete surprise when Warren called me at my office at Yahoo, and my secretary said it was Warren Buffett. I figured it was a friend of mine playing a joke on me.
Unfortunately, because of the breadth of what Yahoo does, they sort of became mediocre in so many properties.
Berkshire Hathaway can transfer excess capital from businesses that don't need it to businesses that do need it, tax free and in a way that enhances compound annual growth rates.
Yahoo would benefit from going private or becoming part of a larger corporation.
When you think of Yahoo, they had a shot to be what Vox is doing, in terms of taking content and distribution, and really focusing on news, sports, finance - the things that uniquely Yahoo was really terrific at - and really build that whole flywheel.
