Warren Buffet - "Cola Has No Taste Memory" - In Their Own Words
Warren Buffet describes why he believes Coca-Cola is a great investment. He States "Cola has no taste memory".
This helps us understand why some people substitute water for cola. As Warren states it is a inexpensive drink that always feel refreshing. This is how cola is addictive.
Transcript:
"One thing that people don‘t understand is one thing that makes this product worth 10s and 10s of billions
of dollars is one simple fact about really all colas, but we will call it Coca-Cola for the moment. It
happens to be a name that I like. Cola has no taste memory. You can drink one of these at 9 O‘clock, 10
O‘clock, 1 O‘clock and 5 O‘clock. The one at 5 o‘clock will taste as good to you as the one you drank
early in the morning, you can‘t do that with Cream Soda, Root Beer, Orange, Grape. All of those things
accumulate on you. Most foods and beverages accumulate; you get sick of them after a while. And if you
eat See‘s Candy—we get these people who go to work for us at See‘s Candy and the first day they go
crazy, but after a week they are eating the same amount as if they were buying it, because chocolate
accumulates on you. There is no taste memory to Cola and that means you get people around the world
who will be heavy users—who will drink five a day, or for Diet Coke, 7 or even 8 a day. They will never
do that with other products. So you get this incredible per capita consumption. The average person in this
Buffett Lecture at the University of Florida School of Business
Contact email: aldridge56@aol.com blog: http://csinvesting.wordpress.com studying/teaching/investing Page 11
part of the world or maybe a little north of here drinks 64 ozs. of liquid a day. You can have 64 ozs. of
that be Coke and you will not get fed up with Coke if you like it to start with in the least. But if you do
that with anything else; if you eat just one product all day, you will get a little sick of it after a while."
Links:
https://intelligentinvestorclub.com/downloads/Warren-Buffett-Florida-Speech.pdf
https://hurricanecapital.wordpress.com/2015/02/01/video-notes-warren-buffett-speaks-with-florida-university/
http://csinvesting.org/wp-content/uploads/2015/01/Buffett_Lecture_Fla_Univ_Sch_of_Business_1998.pdf
https://www.youtube.com/watch?v=eRlQfS__u7E
https://www.youtube.com/watch?v=EEOKOk9EX-E
18
views
Portland Mayoral Candidate Supports Antifa - In Their Own Words
On October 8th 2020, Incumbent Portland Mayor Ted Wheeler faces challenger Sarah Iannarone in a mayoral debate.
Sarah Iannarone is asked about her support for antifa. Echoing the words of presidential candidate Joe Biden, she claims that antifa is simply an "idea".
Video Source:
https://www.youtube.com/watch?v=n89zEoTh6E0
https://www.kgw.com/article/news/local/portland-mayoral-debate-ted-wheeler-sarah-iannarone-kgw-oregonian/283-e414062e-0f56-47c8-a974-165afd2fb59a
5
views
HOT MIC - PA Rep. Ullman Uses Mask As Political Theater - In Their Own Words
Live Streamed on 9/29/2020 at an event in Doylestown Pennsylvania. The main discussion topic was the Affordable Care Act.
PA Governor Tom Wolf and PA State Rep Wendy Ullman discuss when to remove their masks. Ullman says she will do “political theater” and wait to remove her mask camera. They both laugh and Governor Wolf responds “okay, that’s good."
Transcript:
PA Governor Tom Wolf:
So Wendy I'm gonna take, I'm gonna take my mask off when I speak, so
PA Rep. Wendy Ullman:
I will as well, just, I'm waiting so that we can do a little political theater.
Both:
(laugh)
PA Governor Tom Wolf:
Ok, that's good.
PA Rep. Wendy Ullman:
So that its on camera.
PA Rep. Wendy Ullman:
Hot mic.
Link to full video:
https://www.facebook.com/governorwolf/videos/vb.379182258914390/2735093270035764/?type=2&theater
4
views
Mitch McConnell Freezes AGAIN - 2023/08/23
Senate Minority Leader Mitch McConnell (R-KY) had another freeze-up during a news conference on Wednesday August 2023, going silent for more than 30 seconds after a Northern Kentucky Chamber of Commerce speech in Covington, Kentucky.
Sources:
Primary
https://web.nkychamber.com/events/Government-Forum-Featuring-United-States-Senate-Republican-Leader-Mitch-McConnell-3936/details
Video
https://www.youtube.com/watch?v=jMNgUTiKyZM
https://www.youtube.com/watch?v=MLcYAy3xOJk
https://www.youtube.com/watch?v=VVjtflUqRk0
https://www.youtube.com/watch?v=tlm1WxiV-ME
https://www.youtube.com/watch?v=Tj3_VR8wab4
https://www.youtube.com/watch?v=kK8BFbb5GIE
https://twitter.com/HannahPThomas/status/1696936240040321474
Article
https://www.cnbc.com/2023/08/30/mitch-mcconnell-freezes-struggles-to-speak-in-second-incident-this-summer.html
https://www.dailymail.co.uk/news/article-12462405/Mitch-McConnell-freezes-Senate-Minority-Leader-81-doesnt-respond-questions-30-seconds-worrying-episode.html
https://www.thedailybeast.com/mitch-mcconnell-suddenly-freezes-again-while-talking-to-reporters
https://www.wlwt.com/article/mitch-mcconnell-freeze-media-presser-kentucky-senator/44951505
39
views
Alan Greenspan - Federal Reserve is an independent agency - In Their Own Words - 2007-09-18
An a 2007 Alan tells Jim Lehrer of The News Hour the following...
Transcript:
JIM LEHRER: What is the proper relationship, what should be the proper relationship between a chairman of the Fed and a president of the United States?
ALAN GREENSPAN: Well, first of all, the Federal Reserve is an independent agency, and that means, basically, that there is no other agency of government which can overrule actions that we take. So long as that is in place and there is no evidence that the administration or the Congress or anybody else is requesting that we do things other than what we think is the appropriate thing, then what the relationships are don`t, frankly, matter. And I`ve had very good relationships with presidents.
Video Clip Source:
https://americanarchive.org/catalog/cpb-aacip_507-0r9m32nr52
The NewsHour with Jim Lehrer, 2007-09-18, NewsHour Productions, American Archive of Public Broadcasting (WGBH and the Library of Congress), Boston, MA and Washington, DC.
51
views