years old, I first took an interest in stocks. Theres just too much money floating around. If you get the right spouse too, thats just doubling down. Not all of them will be good, but some will and those will make you rich. People are focused on the pricing and"s for stocks on a daily basis. We can cure any problem if we hear about it soon enough, but if allowed to fester it worsens. Clayton Homes is the class of the manufactured home industry. I dont understand the Chinese culture like I understand the US culture. In that kind of business, a terrible manager can still make a fortune.
In the annual report we talked about Coca-Cola and Gillette in terms of their base business as being what I call the Inevitables, and that related to obviously the soft-drink business in the case of Coca-Cola and razors in the case of Gillette. In one hour, we had a deal and shook hands, and when you shake hands with Wal-Mart, the deal is done. We have 45 managers. quot; from Ben Graham: You can get in more trouble with a sound premise than an unsound premise because you'll just throw out the unsound premise. What is the current acquisition appetite and outlook? I have yet to see an electron and have no working relationship with them at all. You know you're not going to get results on that in a day or a month or a year, but they decided that to get the job done they had to do this, and they used capital to get that job done, but they used. My friends who own real estate are selling their worst assets and getting better prices than theyd imagined. An example of this hair trigger effect was Black Monday in '87. You can always find reasons that weren't the ideal moment to buy. But when I think about the process of owning a home, the for-sale-by-owner (fsbo) was with us 50 years ago and it is now but it hasnt affected commissions. It used to be that if you hated someone, you could only throw a rock at them.