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Berkshire Hathaway Inc. Message Board

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  • DeadElvisSociety DeadElvisSociety Jul 9, 1998 2:57 PM Flag

    Jim - Dollar is always a dollar?

    "It appears to me that if Buffett had started
    investing 20 to 40 years ago, may be, he would have
    successfully invested in steel and auto. He would have made a
    fortune.But,the paradigm shifted to colored water,
    etc."

    Copy Cat, You might want to check out the book "Secret
    Formula," by Frederick Allen. The book discusses at length
    Robert Woodruff's {Coke CEO} short selling of Cola-Cola
    in 1928. Woodruff was right in that the Dow Jones
    did finally crash. However, Coca-Cola went on to gain
    nearly 300% over the next eight years. Btw, Woodruff
    also thought the White Motor Co.{a car manufacturer}
    would be a great business. He formed a partnership,
    bought a lot of its stock and became the CEO. I'm unsure
    of the ultimate fate of the White Co., except that
    it was close to bankruptcy in the months following
    the crash.

 
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