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Berkshire Hathaway Part I
Acquired
Warren Can Start to Do the Sort of Things That Graham Newman Used to Do
Bannon and jerry would look for companies with book value above trading value. They would then amass big positions in those companies, trying to get themselves on the board. The cigar butt style of investing was also known as sweding. With a million bucks at his disposal, warren can start to do this. He puts 35 % of the capital of the partnerships into it, gets control of the company, forces it to split itself in two,. makes a quick 50% profit on the spin off bo like he's shooting fish in a barrel. By the end of 19 60, total capital is up to two million, and warren's share is worth a cool quarter of a million
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