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Scott & Fetzer

Manufacturing / Diversified•First mentioned: 1984•24 letter mentions

Investment Timeline

1984Major acquisition — $315M
“We purchased Scott & Fetzer at the end of 1984 for $315 million... The business includes World Book Encyclopedia, Kirby vacuum cleaners, and a large insurance operation.”
1984 The Wide Moat - 1984 →

Letters Mentioning Scott & Fetzer

All Letters →
1985
The Textile Exit & Quality Companies - 1985
Buffett formally closed Berkshire's textile operations - marking the end of the business that started it all. The letter introduced the "owner earnings" concept as a truer measure of business value than accounting earnings, and discussed the acquisition of Scott & Fetzer.