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Pilgrimage, Part VII: You Don t Want to Let Him Down

Posted on April 29, 2008

Noodling on a Deal, Meaningless Quarterly Numbers and One More Secret of His SuccessBack in the fall of 1990, when it looked like the world was coming to an end, investment-wise, I went to a meeting in New York City for Shaw Industries.Shaw makes carpets, which nobody wanted at the time because the American consumer was not in the mood to buy much of anything, let alone new carpeting.Hard as it may be to recall a time when the American consumer wasn t going all-in at the checkout counter, not to mention a stock market doing anything less than making new highs every day, those were dark...

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