Warren Buffett and Berkshire Hathaway
You shape your houses and then your houses shape you.
—Winston Churchill
The most powerful force in the universe is compound interest.
—Albert Einstein
Being a CEO has made me a better investor, and vice versa.
—Warren Buffett
Berkshire Hathaway, a one-hundred-year-old textile company located in New Bedford, Massachusetts, had been owned by the same two local families, the Chaces and the Stantons, for generations. The company, a vestige of the glory days of New England enterprise, was the unlikely target of an early hostile takeover in 1965—hostile, at least, to the company’s stubborn septuagenarian CEO, Seabury Stanton. Stanton, by refusing to meet with a large, disgruntled ...
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