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Warren Buffett: French cuisine or take-out chicken?
Is a corporation trying to attract shareholders akin to a restaurant trying to attract potential customers? In his letter dated March 3, 1980 for FY1979 to Berkshire Hathaway stakeholders, Warren Buffett said: “Phil Fisher, a respected investor and author, once likened the policies of the corporation in attracting shareholders to those of a restaurant attracting…
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