Warren Buffett switched to Coke from Pepsi due to an old neighbor - Business Insider

The so-called Oracle of Omaha especially likes Cherry Coke. He agreed to have a cartoon of himself slapped on cans of the drink when it launched in China in 2017, and declined to charge a fee,However, Buffett isn't a lifetime loyalist.

"I didn't have it, but I could've borrowed it from my father. But can you imagine giving $10,000 to a guy who doesn't get up and go to work in the morning?" Keough said in a TV interview with former Disney CEO Michael Eisner. Keough's company was ultimately bought by Coca-Cola in 1964, and he rose through the ranks to become the group's president and chief operating officer in 1981. Four years later, he read in a magazine that Buffett was a fan of Pepsi-Cola Cherry. He swiftly wrote to his former neighbor, offering to send him some samples of the still-in-development Cherry Coke, which he described as "nectar of the gods." to expect a change at Berkshire Hathaway's yearly gathering.

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Warren Buffett sitting on $128 billion raises questions about whether this market is overvaluedBuffett walking away from a deal despite Berkshire's massive cash hoard could be proof there aren't that many reasonably priced opportunities. It’s definitely not undervalued Well you don’t fucking say Injection of capital through low rates across the world & stealth QE by FED, gvts supporting the stocks through higher deficits. Yes the market is overvalued & correction is inevitable
La source: CNBC - 🏆 12. / 72 Lire la suite »