Berkshire Letter1989-03-0013 min read
Coca-Cola & Federal Home Loan Bank - 1988
Buffett disclosed the massive Coca-Cola investment (cost $592.5 million, about 6.3% of Berkshire's net worth - at the time the largest single investment of Buffett's career) and explained the thinking behind buying wonderful businesses at fair prices.
View original on Berkshire HathawaySponsored Content
Key Quotes
“We established a new position of 14,166,500 shares of Coca-Cola at a total cost of $592.5 million.”
“It's far better to buy a wonderful business at a fair price than a fair business at a wonderful price.”
[[PLACEHOLDER]]