the smell of his tobacco What Does Like? The Nose Knows: Smoking Damages

Look for one with a HEPA filter to capture fine particles and an activated carbon filter to absorb odors

Chronic Obstructive Pulmonary Disease (COPD) is an obstructive lung disease that makes it incredibly hard to breathe

"And, if it's a face he hates, he hates it with a new and more irritable hatred

Duke's Second Factory which operated until 1869

I could not make this an all day smoke as it is too over the top and I like to taste the tobacco, but it is a pleasant now and then smoke

The takeaway is that Buffett and Munger held the view, based on the brand equity Sees had established over half a century with millions of consumers in California, that the company had significant untapped pricing power and as the chart below shows, they put that belief to the test over the next quarter century