
Berkshire Hathaway Discovered a Mutual Destruction Trap in Textiles. Almost too Late. Will Telcos Fall into it too?
The story of Berkshire Hathaway is a famous one. It started in textiles but Warren Buffett chose to drastically change strategy because the textiles industry was dying. You'd have to say his decision has proven to be correct. If it stayed in textiles, Buffett would almost certainly not be as famous as he is today. There are strong similarities between the textiles industry back then and…
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