https://open.substack.com/pub/theweekendinvestor/p/becoming-berkshire-1964-buffetts?r=21sroa&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false

In 1964, Warren Buffett continued to build his partnership (Buffett Partnership Limited or "BPL"), focusing on investment strategies that included "Generals," "Workouts," and "Controls," while criticizing institutional management for groupthink and advocating for independent, data-driven decisions. Crucially, Buffett's "monumentally stupid decision" not to tender his Berkshire Hathaway shares at $11.375 due to a personal slight over a $0.125 price difference led him to aggressively acquire more shares of the struggling textile manufacturer, eventually resulting in his control of the company.

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Explore the world of Warren Buffett's investment strategies in 1963, a year marked by significant historical events. This discussion delves into insights from Buffett's BPL letter, highlighting the extraordinary power of compounding through a compelling example. Discover his framework for identifying investment opportunities, categorized into three main approaches:

1. Generals: This approach focuses on undervalued stocks purchased at bargain prices.

2. Workouts: This strategy capitalizes on predictable outcomes from corporate activities such as mergers.

3. Controls: This involves acquiring a significant percentage of a company's stock.

We also examine Buffett's early involvement with Berkshire Hathaway in 1963, detailing how his purchases transitioned from a 'General' security to a 'Control' position. Finally, we look at how Berkshire navigated challenges and strengthened its balance sheet during this period.

https://open.substack.com/pub/theweekendinvestor/p/becoming-berkshire-1963?r=21sroa&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false

#warrenbuffett #business #berkshirehathaway #investing #stockmarket #sharemarket #money #buffett #valueinvesting #history