X for Half X in Common Stocks

An intelligent investor in common stocks will be better in the secondary market than he will do buying new issues. Berkshire purchased 3 million shares of capital cities, ABC Inc, Cap Cities, at $172.50 per share back in 1985. Warren Buffett: I've been on record for many years about the management of Cap Cities. "I think it's the best of any publicly owned company in the country"