Warren Buffett counted World Book among Berkshire Hathaway's best businesses. Here's why it became his 'most difficult problem.'
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.
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