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mn_gophers1

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    Buffett's Early Investments

    in Berkshire Hathaway

    Posted

    LNC Corp was formed from the reorganization of Lehigh Coal & Navigation Co. on May 31, 1962. The total assets acquired had a book value of $32,000,000 subject to debt of $8,800,000. Company issued 2,202,127 shares to Lehigh Coal & Navigation in exchange for assets received under reorganization plan. 

    Buffett's Early Investments

    in Berkshire Hathaway

    Posted

     

     

    Thanks for the article, but I am not convinced by the thesis. In the 50's and 60's buffett invested in 400 companies total so the majority must be cigar butts. They must all contribute to his overall results, because if he was getting 30-50% a year he cannot have laggards in his portfolio....

     

    I'd love to have list of his holdings back then (not just the 5 or 6 mentioned in snowball and other books)

     

    There is a chapter one of the editions of Permanent Value authored by Andrew Kirkpatrick that shows a snapshot of the Buffett Partnership holdings in early 1950s. It's a copy of the hand written ledger used by Buffett. There are probably 70 stocks listed with prices and share information.

     

    Great! That's exactly what I was looking for! I got a hold the 1994 edition at the library (the author wants me to buy it as 3 kindle parts of $10 each, too greedy!)

     

    It's probably in the 2008-2010 version or somewhere that timeframe. I can probably send it to you, as I have the pages at home. You might be able to locate the pages on the free book preview on Amazon. 

    Buffett's Early Investments

    in Berkshire Hathaway

    Posted

     

     

    Thanks for the article, but I am not convinced by the thesis. In the 50's and 60's buffett invested in 400 companies total so the majority must be cigar butts. They must all contribute to his overall results, because if he was getting 30-50% a year he cannot have laggards in his portfolio....

     

    I'd love to have list of his holdings back then (not just the 5 or 6 mentioned in snowball and other books)

     

    There is a chapter one of the editions of Permanent Value authored by Andrew Kirkpatrick that shows a snapshot of the Buffett Partnership holdings in early 1950s. It's a copy of the hand written ledger used by Buffett. There are probably 70 stocks listed with prices and share information. 

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