5min chapter

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

TIP555: Lessons from the World's Greatest Capital Allocators

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The History of Warren Buffett

In 1969, Buffett had full control of Berkshire Hathaway and he shut down his investment partnership because he wasn't finding any great opportunities in the market anymore. Thorne Dyke points out that this happens to be the same year that Henry Singleton from Teladine stopped making acquisitions. By the end of the 1970s, Buffett had collected large dakes in wonderful companies including C's Candy, Buffalo News, and positions in public companies such as the Washington Post,. Geico, and General Foods. In 1989, Buffett announced the largest investment in Berkshire's history which was equal to one-fourth of Berkshire's total book value. This was the investment in Coca-Cola. During the mid-

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