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Master Investor Warren Buffett Gets a Sweet Tooth with Cadbury Schweppes Stock.
Knight Ridder/Tribune Business News, February, 2004
By Brett Arends, Daily Mail, London Knight Ridder/Tribune Business News
Feb. 19--It would be nice to take Warren Buffett's interest in Cadbury Schweppes as a buy signal. But some might see it as a sign of desperation.
The legendary US investor, whose stock picking has made him the world's second-richest man with a $44 billion (UKpound 23 billion) fortune, was revealed yesterday to have invested some UKpound 40 million in Cadbury over two months, giving him an estimated 0.5 percent.
It is the kind of "old economy" company that he likes.
While others have chased trends and go-go "growth" stocks, he has spent 50 years investing in "dull" stocks with stable and predictable cash flows. He has just sold his only investment in the...
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