francini

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francini
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  • Berkshire Hathaway and Warren Buffett not done with Apple stock, 'would love to own 100 pe...

    francinifrancini
    mac_dog said:
    When people like warren buffet own 100% of any company, it doesn’t last long. The beauty of Apple is that a majority of the stocks are owned by people who are interested in more than the bottom line. And it works. It’s what made the company great and will continue to do so. 
    Really? Tell that to Elliot and Barry Tatelmen, the owners of Jordan's Furniture, a New England institution. Berkshire Hathaway bought them (privately held) in 1999. Elliot Tatelman is still in charge of the company, and they've done nothing but prosper. I'd say the B-H is definitely in it for the long haul with them.

    According to Wikipedia, BH owns a number of companies -- some decades ago -- that have continuted to prosper under their ownership. These include GEICO, Fruit-of-the-Loom, Russell Corporation (sports clothing), Justin Brands (owns boot brands Chippewa and Tony Lama Boots), Johns Manville fiberglass products, See's Candies, Dairy Queen, and the company that makes Ginsu knives. All of these are doing well, and are generally left to run themselves.
    SoliSpamSandwich