Berkshire Hathaway Pre 1965 Era

By Dayanand Menashi  [email protected]   Safe Multiple  - learn more from Buffett- The Making of an American Capitalist - By Roger Lowenstein

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Chapter 1 Pre 1965 Era
In the dawn of 20th century New Bedford, CT was a bustling Textiles town. It had around seventy cotton spinning mills. Hathaway Manufacturing Corporation was one of them. It was founded in 1888 by Horoto Hathaway. New England’s success in Textile industry was short lived. It could not compete with the cheap labor of South. At its peak, New England Textile industry employed 30,000 people. But by...