When You Lot Intend You Lot Made A Corking Buy (Warren Buffett Edition)

I visit myself a flake of a Buffettphile - exactly I did non fifty-fifty know Berkshire had a sizeable agricultural mechanism operation. Sure agriculture has been practiced as well as because the uppercase equipment is a thin off that it has been really good. But this throw-away quote from the annual letter is astounding:

Vic Mancinelli i time again laid upward a tape at CTB, our farm mechanism operation. We purchased CTB in 2002 for $139 million. It has afterwards distributed $180 i grand one thousand to Berkshire, concluding twelvemonth earned $124 million pre-tax as well as has $109 i grand one thousand inwards cash. Vic has made a release of bolt-on acquisitions over the years, including a meaningful i he signed upward after twelvemonth end.

This trouble concern has - inwards a decade - distributed good over 100 per centum of its buy cost inwards cash to Berkshire as well as its pre-tax net turn a profit are closed to the acquisition price. 

Of the thousands of listed companies inwards the globe how many bring been that practiced inwards the concluding decade. Surely non many.

John