Relevant:
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- Inaugural Corporate Donors Include Bank Of America, Coca-Cola, Microsoft
- Buffett's Berkshire, hurt by Kraft Heinz, posts massive quarterly loss (+FINDS NO FAIR-PRICED BUYOUT TARGETS)
- A "Whitewashed Buffett" - More Corporate Governance Loose Ends Exposed At Berkshire
- Berkshire's Bond Holdings May Give Buffett Role in ResCap Restructuring
2013-05-01 — dailyfinance.com
``Buffett's brilliance was in taking the fundamental lessons he'd learned from Graham and improving on them by understanding the factors that build and sustain great companies. Buffett has said he has one message for the managers of Berkshire's subsidiaries -- "widen the moat." He wants them to focus on doing those things that make the business stronger and less vulnerable to the competition. Talking about Coca-Cola , he said "Give me $10 billion and how much can I hurt Coca-Cola? I can't do it." That fact won't show up in black and white on the financial statements, but is far more important than the numbers themselves.''
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