Ladbrokes and Coral are two bookies Warren Buffett wouldn’t bet on

It’s a racing certainty that the Sage of Omaha would see this merger as a non-starter It was famed American investor Warren Buffett who once mused: “When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.” Sadly, the internet does not record if the Sage of Omaha went on to opine about what might happen if a management with little to no reputation tackles two businesses with reputations for bad economics.