No. of Recommendations: 1
playing the warren skeptic here a bit:
-when investing in oligopolies and other pricing leveraged companies, and when they do well, warren is a genius.
-when facing (rightful) liabilities, tough negotiations for the privilege of pricing, drift to labor away from capital, then its the government and union's fault.
-am not sure who was to blame in geico's underperformance vs progressive, permanent loss of capital in pcp, but probably not warren.
i guess there may be reasons the portfolio is not filled with multiple scaled version of the see's candies business model.
(until GLP-1 is to be blamed)
