In 1973, Buffett invested $11 million in The Washington Post. Before the impact of the Internet, the newspaper industry was the king of media, and the Washington Post was the most profitable among them, with a high return on net assets. Buffett admires its business model and the management capabilities of its female leader, Katharine Graham, and this investment has brought him a return of more than 100 times.
In 1972, Buffett's Blue Chip Stamping Company acquired See's Candies for $25 million. See's Candy has strong brand influence and pricing power, can increase profits without requiring large amounts of new capital investment, and can continue to generate large amounts of cash flow, providing financial support for Berkshire Hathaway's other investments. This investment also brought in returns of more than 100 times.
I just issued Buffett Coin, and I want to say to those who are not bullish on the cryptocurrency industry, you are wrong. I will donate 50% of the tokens I hold to the Buffett Fund, airdrop 30% to centralized exchanges, and hold the remaining 20% for more than 3 years. This is the only item I have released, the others are fake.
CA:
GzFggwB6mMxPuuzCBVxEfDzhJynveHCnQ7LQ5Pe5pump
CA:
GzFggwB6mMxPuuzCBVxEfDzhJynveHCnQ7LQ5Pe5pump
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