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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?


To: Larry S. who wrote (3373)10/26/2003 11:29:31 AM
From: Sr K  Respond to of 4690
 
The portion:

The Berkshire leader, who boasts that he's never sold a share of Berkshire, is pleased with its current base of shareholders, many of whom bought the stock in the mid-1960s, when he ended his investment partnership and took control of a textile maker called Berkshire Hathaway.

does not look right.

The partnership took control of Berkshire Hathaway and was ended 3-4 years later, about 1969. Partners who did not cash out got BKHT shares, which continued to trade OTC, as a tax-free distribution.