2min chapter

Acquired cover image

Berkshire Hathaway Part II

Acquired

CHAPTER

Warren Buffett's the Mary Poppins Story

In 19 66, disney had been in an 80 million dollar market cap. Mary popfins had just come out and made 30 million dollars at the box office. Warren though, being smart, being warren, he's like, wait a minute. Hi's mary poppins. They're going to be able to generate revenues for years after this. He puts four million dollars of partnership capital into disney, buys five % of the pany. And then, of course, within a year, he's made two million bucks. On that he's made a 50 % return, and he sells the whole thing. My god. Unbelievable.

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