Here is an interesting thread about what Warren Buffett may have done wrong, and where we could learn.
Berkshire Hathaway Shareholders: "When I first saw (on the 13F) that BH had acquired a big stake in Pier 1, I naturally considered buying the stock and dropped by a couple of Pier 1 stores to check the place out. What I saw astonished me: a beautifully set up, well run operation, friendly people, good computer system, AND A STORE FULL OF THE WORST COLLECTION OF TOTALLY UNSELLABLE JUNK I HAD EVER SEEN IN MY LIFE. "
Wednesday, February 22, 2006
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