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Qotd: Feb 06 2004


treveinta

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QotD: 27 January 2004

Degree of Difficulty: 2.0

Warren Buffet is widely regarded as the most savvy and successful investor in modern history. While well known for his holding company Berkshire Hathaway, and his investments in Coca-Cola and Geico Insurance, one of Buffet's early investments (which turned a handsome profit, thank you very much) was instrumental in the Westward Expansion of the United States.

What company, instrumental in the Westward Expansion of the United States, did Warren Buffet buy and later sell at a handsome profit?

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Smith & Wesson?

(probably could have did better, but didn't want to use the net and be accused of cheating)

A railroad may have been a good pick.

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Smith & Wesson?

(probably could have did better, but didn't want to use the net and be accused of cheating)

A railroad may have been a good pick.

Both of those are truely great guesses, but they are far Blown from the truth, try harder my son.

niko,

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Warren Buffet purchased Dempster Mills Manufacturing in 1961 for $1M, and sold it two years later for $2.3M. At the time of purchase, Dempster was 80 years old, having made windmills since the early 1880's.

Windmills allowed settlers to tap into the vast supply of underground water in areas with little or no available surface water. Harnessing the free and limitless power of wind on the prairies, Nebraskans used windmills to pump water for gardens, livestock, and crop irrigation, and to power feed grinders

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