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Buffett bought 6 shares of Cities Service (CITGO) an Oil Company.
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He began accumulating stock of Berkshire Hathaway, a textile company, in the early 1960s, and by 1965 he had assumed control of the company.
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Due to falling stock prices, the value of Berkshire Hathaway portfolio begins to fall. Warren’s personal net worth falls by more than 50%.
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eventually he acquires the company
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Berkshire Hathaway is trading at $290 a share
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Gains 7% of the company for $1.2 billion
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Announces he will give away 80% of his profits to charity.