Acquired Berkshire Hathaway Part I
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Apr 21, 2021 Dive into the fascinating journey of Warren Buffett, from an entrepreneurial kid in Omaha to a legendary investor. Discover how he turned Berkshire Hathaway from a struggling textile mill to an investment powerhouse, and learn about his evolving strategies, including the lessons from Geico. The episode also highlights Buffett's early aversions, pivotal relationships, and the momentous shift in his investment philosophy towards valuing brand equity. It's a captivating exploration of the life and mind behind one of capitalism's greatest icons.
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Path to Columbia
- Despite graduating from Wharton, Warren Buffett wasn't passionate about traditional business paths.
- Rejected by Harvard Business School, he enrolled at Columbia, drawn by Benjamin Graham's teachings.
Geico Discovery
- Impressed by Graham's teachings, Buffett researched Geico, owned by Graham's partnership.
- He visited Geico, learning about insurance and the concept of "float" from Lorimer Davidson.
Brokerage Interlude
- Rejected by Graham-Newman due to their policy of hiring Jews, Buffett returned to Omaha.
- Despite hating it, he worked at his father's brokerage, gaining experience and capital.
