Warren the Great

Warren Buffet is biting off a stake in Wrigley’s gum. At a time when the US economy is softening, the Oracle of Omaha is buying. What lessons can we learn?

In an interview, Buffet was asked straight out: why now? He answered quite clearly: the best time to buy a really great business is when you can. The folks at Wrigley want to sell. And so since Warren Buffet likes to invest in  well-established brands—think Coke, Gillette, and See’s candy—and Wrigley’s has been around for about 70 years, this was the time to do the deal, no matter how the economy looks right now.

Great investors often have no clue what things will be like next quarter. Often they don’t care very much, either. But they know that great companies will continue to be great, year in and year out. That’s investment advice that we can take to the bank.

Douglas R. Tengdin, CFA
Chief Investment Officer
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By |2014-09-03T18:29:00+00:00April 30th, 2008|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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