WARREN BUFFETT SAID HIS WORST TRADE EVER WAS BUYING BERKSHIRE HATHAWAY, AND A GRUDGE OVER ONE-EIGHTH OF A DOLLAR IS WHY
In 1964 he agreed to sell his textile-company stock back to management at $11.50 a share. He gave his word on it.
Then the official offer arrived in the mail:
It came in at $11 and 3/8, one eighth of a dollar below the price they had shaken hands on. About 12 cents a share.
It made Buffett so angry that instead of selling, he bought up control of the entire company and fired the man who had lowballed him.
The problem: he now owned a failing textile business. He fought to save it for 20 years before giving up.
By his own math, had he put that money into insurance from the start instead of the mills, Berkshire would be worth roughly twice as much. A mistake he valued at around $200 billion.
His lesson: buy a good business at a fair price, never a bad business just because it is cheap.
Odell Beckham & JuJu Smith Schuster in the Giants locker room pregame while Jaxson Dart is writing 45/47 on his cleats and Cam Skatebo is in the corner eating a seat cushion
Omg my first burger buns! They came out perfect! They are the "The Easiest Hamburger Buns You’ll Ever Make"
Thank you @ChefGruel. Will post his amazing recipe in comments.
how it feels to have just polished off a 30 rack with your boys in the garage after a day of breaking shit when you see the headlights coming up the driveway of your girlboss breadwinner wife's mercedes GLS
A million seconds ago was May 23rd
A billion seconds ago was 1993
A trillion seconds ago was 30,000 B.C.
The US debt is now rising by $1 Trillion every 180 days.
bears sound smart
bulls make money
remember this and repeat it to yourself over and over
understanding this simple fact is the key to building wealth over time