Buffett's 20 suits were all made by a Chinese woman

Billionaire investor Warren Buffett, the famous investor, how many suits? 5 sets? 10 sets? Or more? The answer is 20 sets! Even more shocking is that the 20 suits from the same family Chinese company dowin. According to the U.S. Quartz website reported on February 28th, all of this comes from 10 years ago, the company's founder, Ms. Li Guilian, a bold move.

"It was 5 minutes before I got into the hotel, and there were two men in my room. I haven't been to taste, they began to measure my body size, and then come up with a book, there are a variety of patterns, fabrics, one of them said "choose a suit, Ms. Lee to give you a suit." I've never seen her before, and then I saw her... "In February 27th, when Buffett took part in a talk show, he recalled the first time he met lee.

Buffett

He chose two, soon received from Li Guilian's suit, Buffett praised Li Guilian's clothes, "I don't feel the slightest misfit. For a long time I didn't know what my appearance was like when I was praised by others, and ever since I put on the clothes made by Ms. Lee, I felt confident at all times".

The meeting took place in 2007, when Buffett was in Dalian to attend the opening ceremony of a metal plant acquired by Berkshire - Hathaway.

Ms. Li

Li Guilian's marketing approach is undoubtedly very radical, but effective. Finally, Buffett met Li Guilian, and was deeply moved by her entrepreneurial experience, "she is from a sewing machine started, then gradually developed to the 15 thousand employees of the garment factory, is really amazing," Buffett finally put his suit all changed Chinese manufacturing "".

Since his first suit, Buffett became a fan of Li Guilian, giving Dalian company to use money to buy its suits visibility. Buffett even recorded a video in 2009 to celebrate the 30 anniversary of the founding of her company, and invited her to participate in Berkshire - Hathaway's annual general meeting.

In this video, Buffett said, "this is a great achievement! Ms. Lee's story is a story of the success of Chinese people and people all over the world. I tell this story in the United States to a lot of people, they are amazing Dalian Dayang made such remarkable achievements in a short period of 30 years".

Warren Buffett helped Dalian Dayang trands suit also caused the "Wall Street journal" attention. In September 2009, the "Wall Street journal" published an article entitled "Buffett would love to wear China suit" reported on the creation of enterprise China menswear brand appreciation.

At that time, the report said that the United States, the most famous capitalist Buffett love to wear China's creation suit. Although it has never been known as fashion, but Buffett said that the Chinese suit changed his image. Buffett said, the suit is very comfortable, we say I look good. He said that when I lived to 78 years old, I was praised".

Buffett revealed that Ms. Lee's customers also include his partner, Charlie Munger and his old friend, Mr. Bill Gate. These high-end customers and the company started the Dayang creation experience is entirely different. Li Guilian, 70, was born in a peasant family. In 1979, she started her company from a sewing machine.

"At first, we were just a small village," she told CNN. "Our goal is to make sure the poor peasants have clothes to wear. We do the sleeves, shoulder and overalls, are farmers working in. "

In order to have enough manpower, Li Guilian recruited her village housewife, help make tablecloths, aprons and sleeves etc.. With the shortage of sewing machines, she had to ask her workers to go to work with a sewing machine.

A turnaround in 1982, when she got the news, an American clothing company is a 16000 corduroy jacket orders for the seller, Li Guilian soon made sample and submit to the seller. Finally she got the order and her team delivered on time.

Dayang group vice president Liu Wenxian said of Li Guilian: "although her cultural level is not high, but has a high degree of wisdom. She is learning every day, and the vision is very unique, and international masters are learning, the general level, she can not see. "

In 1995, Dayang launched its own brand of trands menswear. Yang now has 15 thousand employees, annual production of 10 million pieces of clothing. The cheapest suit a set of 6000 yuan, the most expensive will be RMB 20 thousand yuan.

In addition to custom business, Yang also for the famous American retailer, Messi department store, Banana Republic produced 12 million pieces of clothing, accounted for 1/5 of the Japanese market.

However, after the listing of the last year there have been some changes in Yang, Li Guilian with 4 executives resigned from the post of listed companies. Later in September 13th, Yang announced that the company intends to sell all of the assets and liabilities, and to issue shares to acquire 100% stake in Yuantong express, the transaction price of 17 billion 500 million yuan. This also means that the Yuantong Express backdoor, Dayang officially delisted.

The company's annual report in 2016

However, no matter how changes or such Dayang, Buffett love the suit, because "they don't have creases, you can wear them day in and day out like a new look".