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The Unlikely Takeover of Berkshire Hathaway
Buffett's takeover of Berkshire Hathaway was unlikely from an outsider's perspective due to his young age and lack of prior management experience./nBuffett cultivated a close relationship with the family who owned Berkshire Hathaway, which helped facilitate its takeover./nUnconventionally, Buffett acquired the company without using any debt./nBuffett was primarily attracted to Berkshire Hathaway due to its cheap book value./nAt the time of the takeover, Berkshire Hathaway's market cap was only $18 million.