Mention279497

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so:text The Washington Post Company in 1973 was selling for $80 million in the market. ...ou could have sold the assets ...for not less than $400 million ...Now, if the stock had declined even further... to $40 million... its beta would have been greater. ...This is truly Alice in Wonderland. I have never been able to figure out why it's riskier to buy $400 million worth of properties for $40 million than for $80 million. (en)
so:isPartOf https://en.wikiquote.org/wiki/Warren_Buffett
so:description (Fall, 1984) (en)
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