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In his early days of investing, Warren Buffett drove to the airport at Omaha to pick up David Strassler, a New York based businessman whose family bought and fixed distressed companies. After picking up Mr. Strassler, during the ride, Mr. Buffett started asking him questions about a company in which the Strassler family controlled a majority interest - Billings & Spencer, of Hartford, CT, more than 2000 Kms physically away from Mr. Buffett. The company made forgings and metal shears, and only...