Donald Yacktman
Donald Yacktman
dumber profitable unpopular
It's frustrating in the sense that we look dumber than we really are, ... We own a lot of unpopular but profitable stocks.
enormous generates giving morris philip
Philip Morris still generates enormous amounts of cash, ... We're not giving up yet.
fading golden lawsuits opportunity seems worst
Now that the worst lawsuits are fading it seems a golden opportunity to do that. Kraft is limping.
focus management positive practical standpoint
Management can focus on one business. From a psychological standpoint as well as from a practical standpoint it's a positive move.
buying million spent
Back in 1987, the day of the 500-point decline, I started buying like crazy, ... I spent $40 million that day.
amount blame man shares
Would I like to have a man like Buffett on the board? You bet. But can I blame him for going off? Not at all. But Buffett, with the amount of shares he owns, will still have an influence.