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Stocks B / Berkshire Hathaway

URL:  http://boards.fool.com/insight-into-the-heinz-price-shareholder-letter-30543595.aspx

Subject:  Re: Berkshire buys Heinz Date:  2/15/2013  1:10 AM
Author:  RoughlyRight Number:  198638 of 218858

Insight into the Heinz price:


Shareholder letter 1991

A few years ago the conventional wisdom held that a newspaper,
television or magazine property would forever increase its earnings
at 6% or so annually and would do so without the employment of
additional capital, for the reason that depreciation charges would
roughly match c