4 ms·
Yes it was incredibly successful because Buffet decided to turn it into his own holding company where he aggregated all his other purchases. But it was the othe
by hristov 11y ago
Yes it was incredibly successful because Buffet decided to turn it into his own holding company where he aggregated all his other purchases. But it was the other purchases that were successful, not the Berkshire business itself.
The Berkshire business was a New England textile company that kept suffering as the textile industry was slowly but surely being moved out of the United States. Buffet has said many times that buying Berkshire was a mistake.