Preferred Shares
Preferred Shares Podcast
Vending Machine Mania
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Vending Machine Mania

Welcome to Episode 1 of the Preferred Shares Podcast.

Lawrence Hamtil, of Fortune Financial Advisors, was the primary researcher for this episode.


In this episode

  • The origin story of automated vending

  • The mechanics of the vending business

  • Warren Buffett’s foray into coin-operated machines

  • How vending machine companies turned into growth stocks

  • Technological innovations in the vending industry

  • The vending machine company stock bubble

  • Transformation of the industry

  • Parallels and lessons learned

Excerpt, Vendo Company ad, July 1963

Resources & additional reading


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All opinions expressed by Preferred Shares hosts and guests are solely their own opinions and do not reflect the opinions of their respective employers. This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. None of the information contained in the podcast or this web site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person.

Clients of Andvari and Fortune Financial may maintain positions in the securities discussed in this podcast. Furthermore, from time to time, the Hosts may hold positions or other interests in securities mentioned in the Podcast and may trade for their own accounts based on the information presented. The Hosts may also take positions inconsistent with the views expressed in its messages on the Podcast.

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