In the spring of 1954, Bill Child was a new graduate of the University of Utah preparing to start a career as a school teacher in a rural town thirty miles north of Salt Lake City. Within weeks, he was running a small appliance business founded by his father in law, R.C. Willey, who had fallen gravely ill and died a few months later. Starting with a small family business that had revenues of $250,000, Mr. Child built an enterprise with sales of $257 million prior to selling the company to Warren Buffett’s Berkshire Hathaway forty one years later. Read this article for more details.