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Re: zipjet post# 183592

Friday, 11/07/2014 9:44:08 AM

Friday, November 07, 2014 9:44:08 AM

Post# of 257262
But that is one of the greatest coup for the sage of Omaha when he bet on American Express which at the time was on the hook( I can't remember why) for part or whole of the salad oil scam.

Part luck, part diligence and tons of gumption is how I personally see that historical story.

The requirements for success on WS remain the same for any retailer dabbing in speculation with individual stocks.

Also it reminded of Julian Robertson who said that "quality and integrity" of mgt is a make or brake decision for him.

Although it is hard for retailers to gauge the integrity of any mgt, I do try going by my gut feels lol.

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