Warren Buffett Speaks: Wit and Wisdom from the World’s Greatest Investor

Appendix . Time Line

The Warren Buffett and Berkshire Hathaway Saga

1869 – Sidney Buffett opened the Buffet & Sons grocery store in the Dundee neighborhood of Omaha, Nebraska. Three generations of Buffetts operated it until it closed in 1959. Both Warren Buffett and his partner, Charlie Munger, worked there as boys, although not at the same time. They didn’t meet until they were adults.

1888 – The Hathaway Manufacturing company was founded in New Bedford, Massachusetts, as a cotton milling operation. Hettie Green, the notorious Witch of Wall Street, served on the company’s board. In 1955, Hathaway merged with Berkshire Fine Spinning Associates to become Berkshire Hathaway.

1930 – Warren Edward Buffett is born on August 30 in Omaha to stockbroker Howard Buffett and his wife, Leila.

1941 – Eleven-year-old Warren, in partnership with his sister Doris, bought his first stock, six shares of Cities Service preferred, at $38 per share. Buffett sold at $40, and later the stock advanced to $200 per share.

1943 – Warren told a friend that he would be a millionaire by age 30 or jump off the tallest building in Omaha.

1945 – Warren devised an elaborate newspaper delivery route that earned about $175 a month. At 14, he invested $1,200 in 40 acres of Nebraska farmland.

1947 – As a high school senior, Buffett partnered with a friend to buy a pinball machine that they placed in a barbershop. The business expanded to three machines and was later sold for $1,200.

1949 – Buffett left the University of Pennsylvania ...