Sunday, 20 September 2009
Warren Buffet and the Midas touch
Some Sunday fun. Its amusing that the Chinese suit maker Dayang Trands has seen its shares boom after the famous US investor Warren Buffet praised the quality of their work. Amazingly Dayang Trands are mass producers of garments, employing 4,500 staff and making 6 million pieces a year - they are not one of the small scale speciality outfits that tend to be thought the best high value producers in today's textile markets. Better yet, Buffet has not actually bought any shares in the company himself. Its amazing how reliant the investment world remains on superstition and prescription, despite everything we know about what makes businesses successful. In a sense Buffet is the modern day successor to JP Morgan and the house he left behind; Morgan was a financier who arranged many important mergers in the 1890s and 1910s, while a holding by the house he left behind came to be seen as an important vote of confidence in a company.
- RBS insist they've learned from their history
- Gordon Brown returns to old venture capital idea
- Government not keen to scrap scheme
- The car industry - still worthwhile in mature econ...
- Regulation - escaping capture
- British Television - an industry shaped by technol...
- Oil has always been a cyclical industry
- Warren Buffet and the Midas touch
- Edinburgh and Glasgow Airport Rail Links stay on t...
- Unemployment - can we avoid this again?
- Lehman Brothers and Glass Steagal - solving the pr...
- ▼ September (11)
- K D Tennent
- London, United Kingdom
- I'm Lecturer in Management at The York Management School, at The University of York, UK. I teach strategic management to undergraduate and masters students, as well as running the masters dissertation module. My research focuses on business and management history.