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Warren Buffet starts his crazy journey by being born.
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At 11 Buffett buys his first stock; 6 shares of Cities Service at $38 a share.
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Buffett joins his friend Donald Danly to start a company called Wilson Coin Operated Machine.
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Benjamin Graham called him again and offered him a job for $12,000 a year. During this period, Buffett was able to also work closely with Walter Schloss.
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Buffett was introduced to Charlie Munger by his friend Edwin Davis at a dinner. Charlie Munger later becomes the Vice Chairman of Berkshire Hathaway.
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Buffett runs seven partnerships by 1961; Buffett Associates, Buffett Fund, Dacee, Emdee, Glenoff, Mo-Buff, and Underwood.
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Buffett sells Dempster for a $2.3 million gain, 3x times the invested amount.
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Buffett invests $4 million in Walt Disney after a meeting with Walt Disney himself which is almost 5% of the company. Buffett takes full control of Berkshire Hathaway and names Ken Chase to be the CEO.
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Berkshire is trading at $290 per share.
Warren’s personal net worth is now approximately $100 million and receives a $50k annual salary. -
In a letter to shareholders, Buffett announces that he is looking for a young successor or perhaps successors to run Berkshire.
