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Reflections on "Going Down Tobacco Road" and Investing

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HISTORY IS WRITTEN BY THE SURVIVORS
It ain’t what we don’t know, it’s what we know that ain’t so. Mark Twain
 • Gene Hoots
R. J. REYNOLDS TOBACCO: 150 YEARS OF EVOLVING CULTURE PART VII: EXTRAVAGANCE 1976 – 2003
Increasing prosperity tends to breed indifference and to corrupt moral soundness.
 • Gene Hoots
R. J. REYNOLDS TOBACCO: 150 YEARS OF EVOLVING CULTURE CHAPTER VI C: NABISCO BRANDS RENAISSANCE 2000-2017
KKR likely viewed the tobacco business as a stable but declining cash cow, placing its hopes for debt repayment on improved performance from Nabisco.
 • Gene Hoots
R. J. REYNOLDS TOBACCO: 150 YEARS OF EVOLVING CULTURE CHAPTER VI B: JAPAN TOBACCO INT’L RENAISSANCE 2000-2025
In 1999, Steve Goldstone, RJR Nabisco CEO, urgently sought to sell RJR Tobacco International (TI).
 • Gene Hoots
R. J. REYNOLDS TOBACCO: 150 YEARS OF EVOLVING CULTURE CHAPTER VI A: REYNOLDS AMERICAN TOBACCO RENAISSANCE 2000-2017
In 1999, Steve Goldstone led efforts to free the three RJR Nabisco operating companies from financial and legal constraints that had burdened them for a…
 • Gene Hoots
R. J. REYNOLDS TOBACCO: 150 YEARS OF EVOLVING CULTURE CHAPTER V: THE DARK AGE 1989-1999
Kohlberg Kravis Roberts (KKR), the prominent mergers and buyout firm, prided itself on being the premier player in its industry.
 • Gene Hoots
R. J. REYNOLDS TOBACCO: 150 YEARS OF EVOLVING CULTURE CHAPTER IV C: GETTING READY FOR AN LBO
“Increasing prosperity tends to breed indifference and to corrupt moral soundness.” — Charles Evans Hughes
 • Gene Hoots
Reflections on "Going Down Tobacco Road" and Investing
Following on my book, "Going Down Tobacco Road," about the R. J. Reynolds empire, I will share stories about the industry and its people. Occasionally, I will add thoughts on investing.
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Reflections on "Going Down Tobacco Road" and Investing

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