A Look Back at Warren Buffett’s Six-Bagger Cocoa Bean Investment

According to Glen Arnold’s book, “The Deals of Warren Buffett, Volume 1: The First $100M,” before deciding to distribute the inventory, the company had approached the Graham–Newman Corporation to see if they wanted to make an offer for the business. They couldn’t agree over price. Instead, Rockwood turned to “another able investor,” Jay Pritzker, who came up with the tax-efficient scheme.