Warren Buffett: The Life and Business Lessons of Warren Buffett by Ilian George

Warren Buffett: The Life and Business Lessons of Warren Buffett by Ilian George

Author:Ilian, George [Ilian, George]
Language: eng
Format: epub
Publisher: GeorgeIlian.com
Published: 2015-01-30T18:30:00+00:00


Part 4: A Giant In Our Midst: The Creation of Berkshire Hathaway

“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.“

In 1969 at the peak of the Vietnam War, a period which saw the Dow ballooned and stock prizes rise to unprecedented highs, Buffett began to liquidate the partnership. In May of the same year, he informed his partners that he was "unable to find any bargains in the current market” and he spent the remainder of the year liquidating the portfolio, with the exception of two companies: Berkshire and Diversified Retailing.



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