A Look Back At Warren Buffett’s First Big Activist InvestmentRupert Hargreaves
In 1958, Warren Buffett started buying shares in a small map company that he believed was seriously undervalued.
Writing in his 1958 partnership letter, he did not reveal the name of the security, although he did declare that it had an estimated intrinsic value of $135 per share, compared to the market price of $80 at the time, and that he had put around 25% of total partnership assets into the stock.
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