theg721
TIL Warren Buffett bought Berkshire Hathaway purely out of spite. In the 60s it was a failing textiles company which he wanted to sell his stake in. When its president lowballed him, he bought the whole company just to fire him. In 2010, he said it was the biggest investment mistake he ever made.
en.wikipedia.orgSubmitted by theg721 t3_10hzbnk in todayilearned