Chris Bloomstran, Semper Augustus – Buffett, Berkshire, & Investing During The Energy Transition | #410
The Meb Faber Show - Better Investing
The Separation of Business
The separation of business, i feel like youre talkn about microso, but it could apply to sisco and many others. Microsoft was doing at that time, 20 billion dollars in revenues. They had compounded their sales at something like forty five % a year since their 19 86 ipo. The real businesses with large venues were simply inflated to bubble levels on a price basis. In fact, people wouldn't remember this, but back in the early nineties, apple was failing,. And microsopt already had anti trust pressures from the justice department and from t e european regulators. they needed a competitor. Steve Jobs made an investment in apple to keep them alive. He was
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