by Kyle Stock, Bloomberg
Warren Buffett knows you are weak. Even if you hit the gym regularly and are demonstrate Buffett-esque discipline with your investments, sooner or later you’re going gulp down a sugary soda and put your money into mac-and-cheese with a bright orange hue.
Buffett believes in bad food, both as a consumer and an investor. While there might be no long-term reward in risky eating, there’s relatively little risk in buying best-of-breed junk food holdings—at least if Berkshire Hathaway returns are any measure. Omaha has made a mint on artery-based arbitrage. Read the entire story.