Reminds me of Buffett (1985 Letter to Shareholders)
>“A horse that can count to ten is a remarkable horse - not
a remarkable mathematician.” Likewise, a textile company that
allocates capital brilliantly within its industry is a remarkable
textile company - but not a remarkable business.
And similarly I guess for Kodak and SGI reallocating capital to related projects.
>“A horse that can count to ten is a remarkable horse - not a remarkable mathematician.” Likewise, a textile company that allocates capital brilliantly within its industry is a remarkable textile company - but not a remarkable business.
And similarly I guess for Kodak and SGI reallocating capital to related projects.