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Berkshire Hathaway Part II
Acquired
The Stock Is Down, So You Want to Take Advantage of This Lower Stock Phrase?
This is september of 19 87. October nineteenth of 19 87 is black monday, when the dow falls 22 point six %. They lose 75 million dollars n in trading losses on that day. The stock gets crush, but they're not in any better or worse shape than any other investment bank. But the stock is swaiyed down. So buffet and monker show up to their first board meeting after this appens,. which is like the next month, may be in november, and a good friend and management puts a deal on the table to reprice all employees stock options because the stock is down. And buffet and munger flip. Total. i probably
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