Warren Buffett – the rebirth of Berkshire Hathaway, 1965-7

I’m continuing to search the whole UK market for companies to go into the Modified cyclically-adjusted PER portfolio. I only got as far as the letter ‘B’ when I was waylaid by BHP Billiton. So’ I’ll start from there and work my way through the alphabet.

It may take some time before I find another company to invest in, so I’ll post some more on the Warren Buffett story.
We have got up to the point (1965 – 1967) where Warren is in charge of a fund, the Buffett Partnership, which has something like $30m – $60m of assets (of which Warren’s ploughed-back fees amount to a fifth or so).

The Partnership is the majority shareholder in a rubbish business producing commoditised textiles, called Berkshire Hathaway, with about $22m of net assets and a similar market capitalisation. To read the rest of this article, and more like it, subscribe to my premium newsletter Deep Value Shares – click here.

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