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At the very least Berkshire Hathaway is an odd example to be pointing out as a "self funded startup". Warren Buffett was an apprentice under Benjamin Graham for
by WJW 5y ago
At the very least Berkshire Hathaway is an odd example to be pointing out as a "self funded startup". Warren Buffett was an apprentice under Benjamin Graham for several years, operated several businesses beforehand to make his first millions and acquired the (heavily failing at the time) textile operations of Berkshire Hathaway around 1962, when Berkshire was already over a hundred years old.
- recuter 5y agoHe raised a couple million (inflation adjusted) from family and friends, starting with an old auntie. And taking over the textile operation of Berkshire Hathaway almost bankrupted him :) The Buffet we think of today really emerged with meeting Charlie Munger.