August 2011
1 post
Berkshire Hathaway - Wikipedia, the free... →
In 1962, Warren Buffett began buying stock in Berkshire Hathaway after noticing a pattern in the price direction of its stock whenever the company closed a mill. Eventually, Buffett acknowledged that the textile business was waning and company’s financial situation was not going to improve. In 1964, Stanton made a verbal tender offer of $111⁄2 per share for the company to buy back...