Our growth rate was lackluster in 1990 because our four major common stock holdings, in aggregate, showed little change in market value. Last year I told you that though these companies - Capital Cities/ABC, Coca-Cola,…
Our growth rate was lackluster in 1990 because our four major common stock holdings, in aggregate, showed little change in market value. Last year I told you that though these companies - Capital Cities/ABC, Coca-Cola,…
Berkshire's 26-year record is meaningless in forecasting future results; so also, we hope, is the one-year record. We continue to aim for a 15% average annual gain in intrinsic value. But, as we never tire of telling…
Benjamin Franklin:The Autobiography of Benjamin Franklin, Excerpt 33
Benjamin Franklin《The Autobiography of Benjamin Franklin》· The Autobiography of Benjamin Franklin · Leadership
But now another difficulty came upon me which I had never the least reason to expect. Mr. Meredith's father, who was to have paid for our printing-house, according to the expectations given me, was able to advance only one hundred pounds currency, which had been paid; and a hundred more was due to the merchant, who grew impatient, and su'd us all. We gave bail, but saw that, if the money could not be rais'd in time, the suit must soon come to a judgment and execution, and our hopeful prospects must, with us, be ruined, as the press and letters must be sold for payment, perhaps at half price.
Our growth rate was lackluster in 1990 because our four major common stock holdings, in aggregate, showed little change in market value. Last year I told you that though these companies - Capital Cities/ABC, Coca-Cola,…
Andrew Carnegie:Autobiography of Andrew Carnegie, Excerpt 80
Andrew Carnegie《Autobiography of Andrew Carnegie》· Chapter XI · Leadership
All these allurements I declined. The most notable offer of this kind I ever received was one morning in the Windsor Hotel soon after my removal to New York. Jay Gould, then in the height of his career, approached me and said he had heard of me and he would purchase control of the Pennsylvania Railroad Company and give me one half of all profits if I would agree to devote myself to its management. I thanked him and said that, although Mr. Scott and I had parted company in business matters, I would never raise my hand against him. Subsequently Mr. Scott told me he had heard I had been selected by New York interests to succeed him. I do not know how he had learned this, as I had never mentioned it. I was able to reassure him by saying that the only railroad company I would be president of would be one I owned.
Our growth rate was lackluster in 1990 because our four major common stock holdings, in aggregate, showed little change in market value. Last year I told you that though these companies - Capital Cities/ABC, Coca-Cola,…