Buffett should understand by now that it's bad to be getting into the buggy business when the automobile shows up on the scene. He's obviously looking to get on

Buffett should understand by now that it's bad to be getting into the buggy business when the automobile shows up on the scene. He's obviously looking to get one last puff out of the classic cigar butt scenario, but he lost big on that type of gamble with Berkshire Hathaway textiles (obviously BRK is no longer under threat of a modest bet like this putting a dent in their company).