1/ I met Rick Guerin many years ago in Omaha. He had some great stories about his early days managing money alongside Buffett and Munger. dailyjournal.com/articles/36000… 2/ Rick said that in the early days, equities were considered a wasteland — reputable investors dealt in bonds, and nobody thought much about corporate control. Rick and his buddies would buy into public companies and overhaul their boards.