The Salad Oil Scandal of 1963 was a crucial event in the career of Warren Buffett. In the aftermath of massive fraud, Buffett concentrated a large part of his portfolio in the stock of American Express (the victim of the scam) after its market value had dropped by more than half. For Buffett, the scandal … Continue reading XL Media’s Salad Oil Scandal
Tag: goodwill
On Goodwill Hunting & Hidden Value
Imagine the following: You get a call from an investment banker you are acquainted with. He chirpily informs you that you are in for a treat. It just so happens that due to circumstances, he is in the know of two companies that are in play. He goes on to tell you, that not only … Continue reading On Goodwill Hunting & Hidden Value