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The origins of Buffett's Berkshire
ON May 6, 1964, Berkshire Hathaway, then run by a man named Seabury Stanton, sent a letter to its shareholders offering to buy 225,000 shares of its stock for US$11.375 per share.
I had expected the letter; I was surprised by the price.
Berkshire then had 1,583,680 shares
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