Canadian financial advisor Jeff Hull, has been asked by the world’s second richest man, Warren Buffett, to scout for Canadian business investment opportunities.
Hull says he is looking for Canadian companies that meet Buffett’s stringent investment criteria which include:
- a privately held family run business, owner operated;
- amanagement team that is passionate, successful and honest; and
- acompany with a strong, durable competitive advantage – a track record of success and positive long-term economic characteristics.
”Warren has a very warm and amiable personality but he is very tough when it comes to making investment decisions,” says Hull. “Having spent time with Buffett over the years, it’s clear that he’s a disciplined investor looking for companies with long-term viability and sustainability.”
Hull, who has followed Buffett’s career for more than a decade, spent three years writing, producing and directing an in-depth television documentary profile entitled Warren Buffett-Money Master. The program aired on Global Television in prime time in February 2005 and will debut internationally this fall.
During the filming of the documentary, Hull asked Buffett what it would take to have him invest north of the border. In response, the Oracle of Omaha personally asked Hull to look for Canadian companies for him to invest in or acquire. “As a Canadian, and a financial advisor, I couldn’t have been more honoured,” Hull says.
Hull says he already has his eye on a couple of companies, and has been approached by others for consideration.
Hull says he began purchasing Berkshire Hathaway shares more than 12 years ago for himself and his investing clients. He has seen those initial investments rise from US$6,800 to more than US$90,000 per share.
Hull runs a financial and investment advising practice in Mississauga, Ont. for Canadian and international investors and business owners.