When Warren Buffett Bought 16% Of General Dynamics

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Rupert Hargreaves
Published on
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In 1992, Warren Buffett made a significant investment with Berkshire Hathaway’s cash. He purchased 16% of General Dynamics, paying a price of $72 per share. Buffett has only ever made a handful of investments of this scale – where he has acquired more than 15% of the business without buying the operation outright. What’s even more notable about this trade is the fact that General Dynamics was, and remains, one of the largest defense contractors in the United States. It sits outside of the Oracle of Omaha’s circle of competence and does not fit in with the folksy home-spun image…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk