I think he was interested in the compounders at an early age... and although he bought net - nets and
cigar butts like Cleveland Worsted Mills, most of the money he made — even early on — was due to a
few big winners that were for the most part — great businesses.
Not too many
cigar butts laying on the street just yet, but they may be here in the next
few months if your CAPE analysis is wrong — so if there is a silver lining, it is that you will be back to evaluating fantastic investment opportunities and making money for your readers...