Warren Buffett purchased Berkshire Hathaway out of resentment. In the 1960s, it was a struggling textile business which he wanted to divest his shares from. When the president offered him an inadequate price, he decided to purchase the entire company just to get rid of him. In 2010, he admitted it was the worst investment decision he had ever made.

by | Jan 21, 2023 | Fun Facts, Knowledge Chops

Warren Buffett purchased Berkshire Hathaway out of resentment. In the 1960s, it was a struggling textile business which he wanted to divest his shares from. When the president offered him an inadequate price, he decided to purchase the entire company just to get rid of him. In 2010, he admitted it was the worst investment decision he had ever made.
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Fun Fact:

Warren Buffett purchased Berkshire Hathaway out of resentment. In the 1960s, it was a struggling textile business which he wanted to divest his shares from. When the president offered him an inadequate price, he decided to purchase the entire company just to get rid of him. In 2010, he admitted it was the worst investment decision he had ever made.

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