Thank you for publishing this article on mungers tennaco investment. Great reading material.... I always thought it was a pure cigar but play as when he talked about it he made it seem that way but after reading your write up. It's made me rethink that it was not just as simple as munger made it sound lol
👍 I thought it was strange when he used the term “cigar butt”. Yes, Tenneco was trading at a discount to its liquidation value, but the power of its brands made the investment better than “one last puff”.
Thank you for publishing this article on mungers tennaco investment. Great reading material.... I always thought it was a pure cigar but play as when he talked about it he made it seem that way but after reading your write up. It's made me rethink that it was not just as simple as munger made it sound lol
👍 I thought it was strange when he used the term “cigar butt”. Yes, Tenneco was trading at a discount to its liquidation value, but the power of its brands made the investment better than “one last puff”.