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5min chapter
TIP484: How Warren Buffett Became the Greatest Investor to Ever Live (Part 2)
We Study Billionaires - The Investor’s Podcast Network
The Great Engine of Compounding
By 1977, Buffett and Munger's empire rose to over half a billion dollars. They controlled more than half of Berkshire Hathaway in 65% of a company called Blue Chip. The Geico deal helped Buffett realize the importance of his investments being in the hands of quality management. As stewards of others' capital, they took this job extremely seriously.
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