3 ms·
Look into AmEx and the olive oil fiasco.
by sjg007 8y ago
Look into AmEx and the olive oil fiasco.
- sobani 8y agoWikipedia [0] doesn't mention Buffett in its description of the event. All I can find is a description of Buffett betting that AmEx would recover after this crisis. [1] That sounds in line with Buffett's reputation: bet on a good company that for whatever reason has a low price. [0] https://en.wikipedia.org/wiki/Salad_Oil_scandal https://en.wikipedia.org/wiki/Salad_Oil_scandal [1] https://www.businessinsider.com/warren-buffett-and-the-great-salad-oil-swindle-2016-2?international=true&r=US&IR=T https://www.businessinsider.com/warren-buffett-and-the-great...