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Biglari Holdings Inc. Message Board

  • smaycs4 smaycs4 Feb 7, 2012 1:16 AM Flag

    Taking a Page From Buffett for His Own Path

    “A lot of people are very skeptical of him,” said Sam Yake, an analyst with BGB Securities. “He’s brash and young, and he thinks he knows better than people who have been in business for years. Even if he’s absolutely right, it’s somewhat annoying.”

    Asked whether losing the election to Cracker Barrel’s board had taken a personal toll on him, he said, “I’m supremely insensitive to criticism.”

    “He’s got a very, very solid understanding of the restaurant business,” said Mitchell A. Kovitz, a principal of the Kovitz Investment Group, which owns about 5 percent of Biglari Holdings stock as well as shares in Berkshire Hathaway. “If he believes that Cracker Barrel is at all similar to what Steak ’n Shake was, he absolutely should try to get in there.”

    “He’s my hero,” the elder Mr. Biglari said. “He’s always successful in everything.”

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