How Bill Gross Almost Funded Warren Buffett and Walmart Within A Week

This interview is remarkable.

Bill Gross was once approached by Warren Buffett and Charlie Munger. They wanted $10 million in funding. What were they going to do with that money? They were going to acquire Berkshire Hathaway and start their empire. Gross passed.

Then, one week later, Gross was approached by Sam Walton. What did he want? Walton wanted money to fund and secure his retail business. Otherwise known as Walmart. Gross passed, again.

Wow.

What did Gross learn from these epic mistakes? He learned that there is no truer statement than, "Money is not lent based on money or property. It's lent on character." He'll always remember the outstanding characters of Buffett and Walton: