Brendan Burgess
Founder
- Messages
- 52,099
A good article from Rory here:
[broken link removed]
"In an interview with Warren Buffett on US television (mid-2015, I think), the interviewer asked Buffett if he was worried about the then upcoming Friday employment numbers. Buffett replied that he bought See's Candy, the Californian-based luxury confectionery maker, in 1972 for $25 million when it was earning $4 million annually. Today, See's Candy is earnings $80 million annually, a 20-fold increase. He said he didn't worry about the gyrations in employment numbers then, and he doesn't now.
That's kind of how this newsletter service thinks about Brexit. Sure it's an issue, but probably not overly relevant on a medium-term horizon, and certainly not hugely relevant to the vast majority of stocks and funds we cover and recommend to subscribers of this website."
[broken link removed]
"In an interview with Warren Buffett on US television (mid-2015, I think), the interviewer asked Buffett if he was worried about the then upcoming Friday employment numbers. Buffett replied that he bought See's Candy, the Californian-based luxury confectionery maker, in 1972 for $25 million when it was earning $4 million annually. Today, See's Candy is earnings $80 million annually, a 20-fold increase. He said he didn't worry about the gyrations in employment numbers then, and he doesn't now.
That's kind of how this newsletter service thinks about Brexit. Sure it's an issue, but probably not overly relevant on a medium-term horizon, and certainly not hugely relevant to the vast majority of stocks and funds we cover and recommend to subscribers of this website."