Value Investing News

In reading through Warren Buffett’s letter to Berkshire shareholders from 1985, he makes the bold claim that “ [the management of Capital Cities] is the best of any publicly-owned company in the country.” In Buffett’s mind are Tom Murphy and Dan Burke, and in Murphy’s case, his tenure returned $10000 to owners for every $1 originally invested; can one even imagine a 10,000 bagger today?

• http://widemoatinvesting.wordpress.com/2009/04/29/buffetts-favorite-manager/ (0)