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A key quote from the article supports what you're saying: "Warren and I raised the prices of See’s Candies a little faster than others might have. There are ac
by jdlshore 4y ago
A key quote from the article supports what you're saying:
"Warren and I raised the prices of See’s Candies a little faster than others might have. There are actually people out there who don’t price everything as high as the market will easily stand. And once you figure that out, it’s like finding money in the street.”
Whether that's a reason to admire Buffet, or dislike him, I'll leave to the reader. The impression I have of Buffet is that's not a romantic; he's out to make money in a sustainable, long-term way, and is unapologetic about it.
- JohnJamesRambo 4y agoI’m still trying to understand this quote so pardon me for being thick. Is he saying they raised the price as high as the market would allow or that they waited for a while to do that?
- jdlshore 4y agoThey raised the price as high as the market would allow, but did it gradually over time (about 10% per year).