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Not true. He bought his first stock at 11 by pooling money with his sister, and sold after it dropped 30% then bounced back up to a profit. The stock was "Citie
by obelix150 14d ago
Not true. He bought his first stock at 11 by pooling money with his sister, and sold after it dropped 30% then bounced back up to a profit. The stock was "Cities Service" which became Citgo later.
I've read this years ago in "The Warren Buffett Portfolio", but couldn't find a definitive source for this response quickly, so here (https://www.fool.com/how-to-invest/2014/03/15/the-very-first-stock-warren-buffett-ever-bought.aspx https://www.fool.com/how-to-invest/2014/03/15/the-very-first...) is the reference I used to recount the details above.
- BennyBallTC 14d agoWording. That stock in question he first bought at 13 is Texas Pacific Land and he still owns it. It may not have been "his first ever" but he holds that one still.