2min chapter

Acquired cover image

Berkshire Hathaway Part II

Acquired

CHAPTER

Can You Change Your Strategy?

In 19 76, the company announces a hundred and 90 million dollar underrating loss. Wall Street figures out they don't have enough capital to cover future losses. Insurance regulators descend on the company. The stock drops from 61 dollars a share to two dollars a share,. You imagine that? 90 % value destruction.

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