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Beer Industry 'Fascinating'

April 30, 2005
Warren Buffett on Saturday called his new stake in Anheuser-Busch Cos. the world's largest brewer, an investment in a "fascinating" industry that nevertheless may not generate quick payoffs for Berkshire shareholders.

Buffett said he views beer as a "fairly easy to understand" product. Buffett has traditionally favored straightforward businesses, and invests in dozens of consumer companies. He also focuses on long-term investing.

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