5min chapter

The Alchemy of Money cover image

Adam Mead, Author of The Complete Financial History Berkshire Hathaway

The Alchemy of Money

CHAPTER

The Early Days of Berkshire Hathaway

Warren Buffett's first big deal was buying National Endemity in 1967 for $8.6 million. He didn't fully appreciate the value of the float, which was almost $20 million at the time. The insurance business is where the origins of Berkshire Hathaway stem from.

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