Suggested Link: A Free Lunch With Mr. Thrifty
This is a long article written by a journalism student about a business class' visit with Warren Buffett and a course devoted to teaching the investment strategies of Mr. Buffett. The article includes some nice comments from Buffett about Graham, and helps explain the Buffett-Graham relationship. “(Graham) wrote what we call the Bible, and Warren’s thinking updated it. Warren wrote the New Testament.”
There's no new information in this article. I like it simply because it's a neat story that's well told. If you have the time, I encourage you to read it. I submitted the link to Fat Pitch News.
So, if you like the article, please bid it up over at Fat Pitch News so others will get a chance to read it as well (if enough people vote for the link, it will appear as one of the five headlines displayed on various sites).
Comments
One comment bothered me, the artificial sweetener vs. sugar comment that Buffett made. Sugar isn't used in Coke in the U.S. markets - they use high fructose corn syrup, it's cheaper due to U.S. sugar tariffs (which make a couple of families in Florida very rich and very happy) and due to crop subsidies for corn growers (the real reason behind ethanol's popularity BTW).
So my question: how much sweetened Coke does KO sell in U.S. markets vs foreign markets (where they really do use sugar)?
Bonus follow-up question: was Buffett just having a "senior moment" and remembering the "good ol' days" when sugar was used (about the time he bought the stock)?
Posted by: nodoodahs | March 8, 2006 08:00 AM