Since Buffett and Charles Munger jointly run Berkshire Hathaway, the company's share price has soared from $ 19 to $32 1000 at the close of last Friday, benefiting hundreds of early investors and becoming millions or even billionaires.

Munger said that he remembered his two investments of $65,438+$0,000 when he was young, and one of them was very successful. "He spent $65,438+0,000 on stocks and later earned $65,438+300,000."

But another time it was a big failure. Munger said: "Another time, I bought a stock, which rose 30 times quickly, but when it rose to 5 times, I bought this stock. This is the stupidest decision I have ever made. "

As a northern textile manufacturing enterprise, extended information Berkshire failed to make corresponding adjustments, and its performance began to decline. 1955, Berkshire and Hathaway merged and were named Berkshire Hathaway Company, which is now the name.

However, the merger of the two companies did not bring better performance. In the seven years after the merger, the company lost money as a whole and its net assets shrank by 37%.

By 1962 12, Buffett bought a lot of shares of the company for the first time at a price of $7.5. At 1964, Seabury Stanton, then CEO, wanted to buy back the shares of the company as a shareholder. Before the official announcement, he asked Buffett how many shares he was willing to sell.

Buffett's demand at that time was $65,438 +0 1.50, and seaberry Stanton agreed to this offer.

However, when the shareholders' letter was officially released, the repurchase price was $65,438+$065,438+$0.375, which was $0.65,438+$025 less than the negotiated price.

Phoenix Net -20 19 Buffett Shareholders' Meeting | Munger's most failed investment: the stock was sold after earning 5 times, and finally rose 30 times.

People's Network-Berkshire Hathaway Company with only 25 employees: Buffett's wealth machine