Warren Buffett once counted World Book among his best businesses. Here's why the publisher became his 'most difficult problem.'
"It sells more sets in the US than its four biggest competitors combined," Buffett told shareholders in hisBuffett and his business partner, Charlie Munger, also felt a personal connection to the company's flagship product.
"Charlie and I have a particular interest in the World Book operation because we regard its encyclopedia as something special," Buffett wrote."I've been a fan for 25 years, and now have grandchildren consulting the sets just as my children did." Buffett highlighted World Book's success during the next few years. Its encyclopedia sales surged 45% between 1982 and 1986, he said in his
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prince Harry’s 'Spare' sets world record for fastest-selling non-fiction bookIt came after 1.43 million copies were sold during its first-day sale in the UK, US, and Canada.
Read more »
Ray Cordeiro, Hong Kong DJ Who Broadcast for Six Decades, Dead at 98Ray Cordeiro, who had a six-decade career on Hong Kong radio that earned him the title of the world’s longest-working DJ, has died
Read more »
Spend the Winter Practicing Your Swing On Any Course with This Special SensorThe Phigolf World Tour Edition: Special Sensor brings the golf world right to your living room!
Read more »
U.S. Sen. Warren demands answers from Mass. regulators about MBTA safety oversightWarren pressed Massachusetts safety regulators on their plans to increase oversight of the troubled MBTA, which has been dogged by collisions, derailments, deaths and injuries.
Read more »
What to expect from Kevin Warren: A timeline of his tenure with Minnesota VikingsNew Bears president and CEO Kevin Warren will arrive at Halas Hall in the spring after three years running the Big Ten. He also brings with him previous experience running an NFL organization.
Read more »
Big man Warren Washington a prominent figure for ASU men's basketball teamWarren Washington, the first true big man the Sun Devils have had recently, started his college career at Oregon State, ASU's opponent on Saturday.
Read more »