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Buffett's Investment Strategy in Newspaper and Retail Companies
Warren Buffett showed a keen interest in newspaper and publishing businesses during the 1970s, acquiring Sun Newspapers and investing in companies like Washington Post. He also established a holding company, Diversified Retail Company (DRC), with Charlie Munger to invest in undervalued retail companies. Despite officially retiring from managing money, Buffett continued to search for opportunities to buy cheap companies that he understood well. Buffett believed that owning stocks with strong pricing power was the best defense against inflation during the 1970s.