Insights: Warren Buffett on When to Dump a Bad Business
The legendary investor spoke with FORTUNE October 2014.
I went in the textile business by accident in 1965, and I threw in the towel about 20 years later, and that was about 20 years too late. There's a great tendency to want to hold on, justify old decisions. I mean, that's a human trait. But when you really know you've got a bad business is when you h...