Warren Buffett On Never Selling Coca-Cola Stock

When Coca-Cola initially went public in 1920, it quickly found itself in the position of being a $30 million compared that was generating $9 million in annual profits. The P/E ratio was somewhere around 3. Buying a young Coca-Cola after the IPO was one of the best investments that you could have made in history, with a round lot of 100 shares growing into almost $2 billion at the end of 2012.

The profits generated by the company have doubled thirty-eight times since the IPO, plus you got a dividend that has been raised every year since 1963 alongside stock buybacks in recent years that would amplify the total wealth created by this … Read the rest of this article!