By Dayanand Menashi d_menashi@yahoo.com Safe Multiple – learn more from Buffett- The Making of an American Capitalist – By Roger Lowenstein Chapter I here Chapter II here [munger] In 1970 after the dissolution of Buffett’s partnership, Buffett’s net worth was $25 million. He and his wife Susie together owned 36% of Berkshire Hathaway’s stock. Other than that they also owned 44% of Diversified retailing’s outstanding stock and 13% of Blue chips’ outstanding stock. Buffett was truly in the driving seat now. But he had inherited a company that very badly needed a new direction. The writing was on the wall…
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