Building Great Businesses | Tracy Britt Cool

When I was CEO, what I felt like was it was very lonely, it was challenging, it was hard. I was out navigating and trying to find resources, support, people would come before me who could help me in that seat. Tracy Brick Cool is the co founder of Cam Brick. A long-term investment partnership focused on building enduring businesses. She is best known for working directly with Warren Buffett at Berkshire Hathaway, where she served as his financial assistant before becoming CEO of Pampered Chef and serving on the board of several Berkshire companies, including Benjamin Moore and Kraft Heinz.

She combines investor discipline with hands-on operating experience, bringing a rare perspective on what it takes to grow and sustain great companies. We only invest in one or two companies here. We'll look at five hundred. So we're really selective at finding the highest quality businesses that have a long runway. I also think a lot of investors haven't actually been operators and so it's really hard to go into a business and say, This is what you should go do to operate a business if you've never actually operated a business. When it comes to hiring, like what does that process look like? Like what is that nitty gritty simple book on hiring.

And there's a few components to it, and we've augmented and and added our own, but the first is building a really in depth scorecard for the role. And so a good scorecard in my our mind has three sort of critical components. The first is the second is And then the third are Members get access to an extended version of this conversation that goes further into frameworks, definitions, and strategies Tracy uses to build lasting companies. Sign up today at fs.blog slash membership.

We already have this episode, so unlocking it is cheap and permanent: the full transcript, segment and word-level timestamps, and .txt, .srt, .vtt and word-level JSON downloads, as many times as you like, forever.

No account needed, we create one from your checkout email. With credits it is 1 credit; packs start at 5 episodes for $3.49, and monthly plans are cheaper still.