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That's one overly dramatic title. Buffett has navigated far worse situations in his business career. Look at what he went through with Solomon. That situation a
by thematt 15y ago
That's one overly dramatic title. Buffett has navigated far worse situations in his business career. Look at what he went through with Solomon. That situation actually had the potential to sink his entire company. Buffett may have lost a successor in this case, but it hardly spells the end of him or Berkshire.
- sigil 15y ago> Buffett has navigated far worse situations in his business career. Look at what he went through with Solomon. Absolutely. Or, to a lesser extent, the Buffalo Courier-Express antitrust case back in the 70s. Buffet's "go honest early" policy is yet another brilliant long term strategy that seems slightly crazy / ruinous in the short run. For anyone interested, this book was a good read: http://www.amazon.com/Buffett-American-Capitalist-Roger-Lowenstein/dp/0385484917 http://www.amazon.com/Buffett-American-Capitalist-Roger-Lowe...