Insider Inc.
GmbH (Imprint
|
REUTERS
Buffett
Progressive and Allstate
Geico
Sentieo
site."I
State Farm
Nebraska Furniture Mart
Kansas Bankers Surety
KBS
deal."I'm
Personalized Market Center
NYC |
Rick WilkingWarren
Buffett
Berkshire Hathaway
Mark
Charlie Munger
Chuck Huggins
Mrs B
Rose Blumkin
me."Buffett
Jane Rogers
Roy Dinsdale
Emily
Beemer
Clown
Gee
Mrs B's
Geico
No matching tags
Geico
Berkshire
continued."Having
No matching tags
That ratio soared to 100% by the time he turned 74, the investor continued."Having discovered this mathematical relationship — let's call it Huggins' Law — Charlie and I now become giddy at the mere thought of Chuck's birthday," he joked.Buffett received a particularly nice birthday gift in 1983 when Mrs B, the 89-year-old owner of Nebraska Furniture Mart, agreed to sell the company to him."I think back to August 30, 1983 — my birthday — when I went to see Mrs B (Rose Blumkin), carrying a one and a quarter-page purchase proposal for NFM that I had drafted," he recalled in his 2013 shareholder letter. "Mrs B simply told me what was what, and her word was good enough for me."Buffett shared an example of Berkshire's "carefully crafted and sophisticated acquisition strategy" in his 1996 shareholder letter.The investor tried to get out of attending the 40th birthday party of his nephew's wife, Jane Rogers, but agreed to go after learning he would be sitting next to Jane's dad, Roy Dinsdale.During the party, Dinsdale revealed he had attended a directors' meeting at Kansas Bankers Surety, an insurance firm that Buffett had long admired.
As said here by Theron Mohamed