The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Philip Morris's IQOS captured 25% of Japan's market in 18 months
“And as a result of those spending years, they developed a product that once launched, 18 months ago, has captured nearly 25% of markets in Japan, the first market it launched to. They've converted two million cigarette smokers to users of one of their new prod…”
Russo: Buffett never forced Berkshire retail stores to accept American Express
“American Express is part of the portfolio, and Borsheim's had, and Nebraska Furniture Market had MasterCard, and Visa, no American Express, because obviously each of them said, the premium's just not worth it for us, and Warren never insisted that they migrate…”
Philip Morris invested $500 million annually into reduced-risk product research
“Philip Morris, four years ago, decided that they were going to take about half a billion dollars a year from their income statement. And deploy it into efforts to research and develop a reduced risk product set so that they could come to their consumers.”
Warren Buffett struggles to assess foreign management compared to domestic leaders
“He doesn't feel That he has as strong a way of quickly assessing the caliber of the management in foreign markets as he does in the U.S.”
Wells Fargo cannot acquire banks after exceeding the 10% deposit cap
“Well, that's a very interesting question because their capacity to reinvest Had already been fairly limited by virtue of the fact that they now exceed 11% of the deposit base in North America, and they can't buy new assets in the banking industry, new banks or…”