2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP443: Buffett's Biggest Blunders w/ David Kass

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Buffet Was Attracted to Textile Companies

Buffet also said that if, instead of putting that money into the textile business originally, we had just started out with an insurance company, berkshire would be worth twice as much as it is now. Why was buffet so draw to these textile companies? Again, i think he waston to them. He tought that their valuation, price earnings very low, price to cash foll very low, that they were good values. And he thought he could squeeze out some additional cash flow from these companies without fully appreciating how rapidly that industry would soon decline.

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