It is well-known that Warren Buffett does not like to invest in turnaround situations. He has made several comments to reinforce this point over the years. He once declared, "turnarounds seldom turn."
Q3 2020 hedge fund letters, conferences and more
The Oracle of Omaha also once said, "When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."
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Buffett knows a thing or two about trying to turn around struggling businesses. At the...
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