Didn't happen that way. Buffett noticed Berkshire's stock went up every time they sold a mill-- so he started buying it before it planned to sell another mill t

Didn't happen that way. Buffett noticed Berkshire's stock went up every time they sold a mill-- so he started buying it before it planned to sell another mill to make a quick buck. Then his dad died and Berkshire management slighted him by an 1/8th. So he used other people's money to buy management out in what he admits was an irrational mistake. He closed down his entire partnership at the same time. He actually lost a lot of money keeping Berkshire's mills afloat as opposed to just reinvesting all the money in other ventures, but felt a personal obligation to the workers.