 that dates pre-industrial revolution in the valley falls it's a valley falls company based in cumberland rhode island 1839 let me let me tell you something buffett will always say you learn the most from your failures he bought that textile company back when his job was finding cigar butts on the street meaning they had a little life left in them you could steal them for their value and then try to make money and he realized that trying to fix a dead business is a not endless