4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP484: How Warren Buffett Became the Greatest Investor to Ever Live (Part 2)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Buffett and Solomon Brothers

Buffett had become so attached to Berkshire, he just didn't want to let it go. By the mid 1980s, Buffett had gotten reconnected with Solomon Brothers run by a man by the name of John Gutfrent. In 1985, Solomon's profits hit over $557 million. This purchase was not timely, as in 1987, Black Monday hit the markets and cost Solomon $75 million. Around that time, Buffett purchased 14 million shares of Coca-Cola at a cost of nearly $600 million.

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