In Spring 1991, as part of a series of lectures to students of the Notre Dame University, Warren Buffett made an interesting statement.
When discussing the sort of businesses that make suitable long term investments, Buffett warned students away from "some of the businesses I've been involved with like trading stamps."
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The Oracle of Omaha was referring to Blue Chip Stamps in this statement.
Q1 2023 hedge fund letters, conferences and more
The turnaround of Blue Chip stamps
During the 1970s,...
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