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Warren Buffett's Greatest Loss in the 1990s
In the 1990s, Warren Buffett was laser focused on looking for the next company to buy for Berkshire. By early 1996, Berkshire's stock rocketed to $34,000 per share, valuing the company at $41 billion. That year, 5,000 people from all 50 states attended the Berkshire Hathaway shareholders meeting. After May 1996, 40,000 new owners could call themselves shareholders and this forever changed the character of Buffett's quote unquote club.