By Dayanand Menashi [email protected] Safe Multiple - learn more from Buffett- The Making of an American Capitalist - By Roger Lowenstein
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In 1970 after the dissolution of Buffett’s partnership, Buffett’s net worth was $25 million. He and his wife Susie together owned 36% of Berkshire Hathaway’s stock. Other than that they also owned 44% of Diversified retailing’s outstanding stock and 13% of Blue chips’ outstanding stock. Buffett was truly in the driving seat now. But he had inherited a company that very badly needed a new direction. The writing was on the wall that Textiles’ days were numbered....
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