Harry's Holdings

[kazukirai]

If you are a value investor and believe what Buffett had said... something along the line of...

Between a good CEO and a lousy company(could be industry-remember berkshire in textile), it is usually the later's reputation that will come out intact.

So.. no need to suck thumb on this one.

Hi Wj,

Thanks for the timely reminder. I did think of Buffett's experience with Berkshire when writing that but I still went ahead and wrote what I wrote anyway.

It must be the romanticism with the idea of owning my own bar/pub. I believe this is the quote you were referring to:

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

Having said that, not that I'm vested but I believe that Pub-going, despite its cut-throat razor-thin margins, is slightly better than manufacturing textiles as an industry and a business that I can understand much better than the other fancy stuff which is why I was looking at Harry's in the first place.