[My Takeaway]
"In the food business, you would never get the total certainty of dominance that you would get in products like Coca-Cola and Gillette." ~Warren Buffett
[Full Videos of Berkshire Hathaway Annual Meeting 1997]
https://buffett.cnbc.com/1997-berkshire-hathaway-annual-meeting/
[ABOUT - Collection: Warren Buffett]
Whenever, I search up on fund managers that practice value investing. All of them done 1 common thing that is, they study whatever they can about Warren Buffett from his annual letters, annual meeting or even interviews. Hence, I decided to do the same and share it together with all of you so that we can learn and grow together :)
[My 2 Cents]
If a business does not have the total certainty of dominance, holding the business for long term and never sell doesn't seem wise to me.