Ch. 27 describes the evolving methods and perspectives of Buffet's as he adopts a more qual. approach. The author credits partners, like Munger, for this change in approach and uses Buffet's purchasing of $3 mil. worth of AmEx shares as a prime ex. I wonder if Buffet would have come to this conclusion anyway as companies become more service based, with less assets. "Better off dead" does not strictly apply anymore.
— Jul 16, 2017 08:51PM
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