Taking the issue seriously might include installing no smoking stickers and gluing the ashtrays shut steps that dont seem unreasonable or prohibitively expensive for a 165 billion euro company.
It is the perfect setting for the intimate portraits and scenes of daily life from over a hundred years ago that constitute much of the collection
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Make sure again there are no leaks present
Cigarettes like American Spirit Dark Blue: For a similar experience, Marlboro Black might be a fitting choice, offering a strong, flavor-focused smoke
The sellers wanted $30 million for the business (after accounting for $10 million of cash on the companys balance sheet), and Munger thought that was a reasonable price given its competitive position: Sees has a name that nobody can get near in California Its impossible to compete with that brand without spending all kinds of money . But despite Mungers enthusiasm, Buffett concluded that he wasnt willing to pay a penny more than $25 million for the business, a price that implied a low double digit multiple of Sees after-tax earnings (three times net tangible assets made me gulp)
