Education of the Mind: TIL in 1962, Warren Buffett agreed to selling shares of a failing company for $11.50 per share. The written offer was for only $11.375, so he bought more shares, took control of the company and fired the man who made the offer. According to him, his investment denied him $200B of compound interest.

Saturday, July 15, 2017

TIL in 1962, Warren Buffett agreed to selling shares of a failing company for $11.50 per share. The written offer was for only $11.375, so he bought more shares, took control of the company and fired the man who made the offer. According to him, his investment denied him $200B of compound interest.

http://ift.tt/24x99kR via /r/todayilearned http://ift.tt/2v3FUtA

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