Warren Buffett's World Book business became his 'most difficult problem.' Here's why. | Markets Insider

Warren Buffett counted World Book among Berkshire Hathaway's best businesses. Here's how it became his 'most difficult problem.'One of Warren Buffett's favorite businesses became his"most difficult problem" less than a decade after he bought it.its market dominance, positive ratings, competitive pricing, and his personal connection to its encyclopedias.

The billionaire investor and Berkshire Hathaway CEO acquired World Book, a print publisher of encyclopedias, as part of Scott Fetzer in 1986."It sells more sets in the US than its four biggest competitors combined,"Buffett told shareholders in his, adding that its competitive pricing and positive ratings made it a quality purchase.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren Buffett: 'most gruesome mistake' was Dexter Shoe, $9 billion error - Business Insider'As a financial disaster, this one deserves a spot in the Guinness Book of World Records,' the Berkshire Hathaway boss and famed investor said. In turn perhaps one of the best business deals ever by the then owners of Dexter Shoes? Theron_Mohamed Do they still own the shares?
Source: BusinessInsider - 🏆 729. / 51 Read more »