Buffett’s Letter: A Tale of Two Struggling Industries
In Warren Buffett’s 2006 annual letter to Berkshire Hathaway shareholders, released today, he comments on two different struggling industries. One, he believes, will once again see great days. The other, is doomed to growing irrelevance and shrinking profitability. Though Buffett was rumored to be a buyer of newspapers, perhaps by desperate sellers who hoped he might be, he… Read More »