Early business career Warren Buffett

-


buffett s home in omaha, nebraska


in 1957, buffett operated 3 partnerships. purchased five-bedroom stucco house in omaha, still lives, $31,500. in 1958 buffetts third child, peter andrew, born. buffett operated 5 partnerships year. in 1959, company grew 6 partnerships , buffett met future partner charlie munger. 1960, buffett operated 7 partnerships. asked 1 of partners, doctor, find ten other doctors willing invest $10,000 each in partnership. eleven agreed, , buffett pooled money mere $100 original investment of own.


in 1961, buffett revealed 35% of partnership s assets invested in sanborn map company. explained sanborn stock sold $45 per share in 1958, company s investment portfolio worth $65 per share. meant sanborn s map business being valued @ minus $20. buffett purchased 23% of company s outstanding shares activist investor, obtaining seat himself on board of directors, , allied other dissatisfied shareholders control 44% of shares. avoid proxy fight, board offered repurchase shares @ fair value, paying portion of investment portfolio. 77% of outstanding shares turned in. buffett had obtained 50% return on investment in 2 years.








Comments

Post a Comment

Popular posts from this blog

United Kingdom List of armoured fighting vehicles by country

-
1 united kingdom 1.1 tanks 1.1.1 first world war 1.1.2 interwar 1.1.3 second world war 1.2 self propelled artillery 1.3 armoured cars 1.4 armoured personnel carriers , support vehicles united kingdom armoured fighting vehicles produced in united kingdom tanks first world war little willie (prototype; world war i) mother (prototype; world war i) mark heavy tank (150; world war i) mark ii heavy tank (50; world war i) mark iii heavy tank (50; world war i) mark iv heavy tank (1220; world war i) mark v heavy tank (1242; world war i) mark viii liberty anglo-american heavy tank (25, 1919) mark ix armoured personnel carrier (34; world war i) medium mark whippet medium tank (200; world war i) medium mark b medium tank (102; world war i) medium mark c medium tank (50; world war i) interwar vickers 6-ton light tank mk ii light tank mk iii light tank mk iv light tank mk v light tank mk vi vickers a1e1 independent tank prototype vickers medium mark i vickers medium mark ii vickers medium mark i...
Read more

Fleet Cuban Revolutionary Armed Forces

-
1 fleet 1.1 current 1.1.1 fleet equipment 1.1.2 ground forces organization 1.1.3 naval ground forces equipment 1.2 historic fleet current fleet equipment 2 rio damuji class frigates, 1 x 57mm gun, 2 styx surface-to-surface missiles, 1 x 12.7mm machine gun, 2 x 25mm machine guns. 4 ( + 2 civilian use) delfin class midget submarines, 2 torpedo launchers 6 torpedoes. derived north korean yugo class submarine. 1 pauk ii fast patrol craft, coastal 1 x 76 mm gun, 4 anti-submarine torpedo tube, 2 anti-submarine weapon rocket launcher – 495 tons full load – commissioned 1990. 6 former soviet union (fsu) osa ii pfm missile boats; 13 type ii transferred. 3 ex-soviet union (fsu) sonya mine sweeper coastal; 4 transferred. 5 former soviet union (fsu) yevgenya mine sweeper inshore; 11 transferred. 1 intelligence collection vessel. ground forces organization 2 amphibious assault battalions. 1 coastal defense field artillery regiment 1 coastal defense missile artillery regiment 1 light armored bat...
Read more

Advert synopses Orson Welles Paul Masson adverts

-
1 advert synopses 1.1 1978 - original advert - beethoven, emerald dry 1.2 subsequent adverts 1.2.1 1978 - dressing room, rhine castle 1.2.2 1978 - house party, champagne 1.2.3 1979 - gone wind, emerald dry 1.2.4 1980 - french champagne 1.2.5 1980 - chateau tasting party, chablis 1.2.6 1980 - barbecue, burgundy 1.2.7 1981 - europeans, carafe 1.2.8 1980-1981 - print adverts, pinot chardonnay , cabernet sauvignon advert synopses 1978 - original advert - beethoven, emerald dry beethoven the first paul masson advert had welles listening opening of beethoven s fifth symphony on record player, , remarking, took beethoven 4 years write symphony. things can t rushed: music, , wine. paul masson s emerald dry, delicious white wine. paul masson s wines taste because re made such care. paul masson himself said century ago still true today: sell no wine before time. john annarino recalls welles difficult on set, , first advert no exception: filming first commercial near disaster. when our dire...
Read more