1. Alex Evanochko says:

    Thank you for Mr. Gave’s article. Just a comment about the introduction to this piece. Berkshire Hathaway was not co-founded by Mr. Buffett. Berkshire Hathaway was a cloth mill company purchased by Mr. Buffett who had thought that cloth would be a good investment. While the mill lost money and eventually closed, Mr. Buffett kept the name once he wrapped up his “hedge” fund partnership to remind him of his folly of having lost $14 million on the purchase. Thus, Berkshire was resurrected as Mr. Buffett’s and Mr. Munger’s new investment company.

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