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National Presto Industries Inc. Message Board

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  • pmlljl pmlljl Aug 1, 2005 9:43 PM Flag

    new 14 year high


    Over the weekend I was reading a book about Charlie Munger. He is Buffet's partner in running Berkshire Hathaway.

    There was a quote by Charlie which I thought was pertinent to our extended debate about NPK. The quote was as follows: "It is a crime in America to build a weak bridge. How much nobler is it to build a weak company?"

    You may think it is a crime for the Cohen's to run a company so conservatively. I think Charlie would side with me in believing it should be a crime to run a company so dangerously as CVC, SFP and many others.

    Certainly there is a place for distressed investing for people with expertise who want to do some gambling without much good information.

    The Cohen's don't run a company that plays close to the borderline of morality or financial daring do. I for one appreciate that. If you and other speculative gamblers want more action, there are plenty of places that you can find it.

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