The Washington Post Company in 1973 was selling for $80 million in the market. ...[Y]ou could have sold the assets ...for not less than $400 million … - Warren Buffett
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The Washington Post Company in 1973 was selling for $80 million in the market. ...[Y]ou could have sold the assets ...for not less than $400 million ...Now, if the stock had declined even further... to $40 million... its beta would have been greater. ...This is truly Alice in Wonderland. I have never been able to figure out why it's riskier to buy $400 million worth of properties for $40 million than for $80 million.
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About
Warren Buffett
Warren Edward Buffett (born 30 August 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net worth of over $113 billion as of June 2022, making him the world's fifth-wealthiest person.
