Greed and Fear: How the Great Salad Oil Swindle Led to One of Warren Buffett’s Greatest Investments

After a Swindler Almost Destroyed American Express, Buffett Saw the Importance of Long-Term Value Versus Short-Term Profit

Photos by Roberta Sorge on Unsplash and from Flickr https://www.flickr.com/photos/9887729@N03/4395157720/ (cropped), Creative Commons Attribution 2.0 Generic license

The story of the Great Salad Oil Swindle can be traced to June 1960, when an anonymous…