Sir Philip Green and Warren Buffett — the permanently tanned, ostentatious rag-trade entrepreneur and the soft-spoken, frugal Sage of Omaha — could not be more different.
Yet they share a fierce desire to protect their reputations and bear the scars of having held on to certain investments for too long.
When Mr Buffett took control of Berkshire Hathaway in 1965 it was an ailing owner of textile mills in New Bedford, Massachusetts. Now, it is best known as a highly successful listed holding company. For two decades, though, the declining mills were a thorn in his side that he refused to excise.
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