I've always been interested in how Buffet switched from a limited partnership to permanent capital. To me this was a game changing move and a key distinction people forget when they want to be like Buffet. Thank you for writing about this.
Thanks for reading! In 1965, the Berkshire Shares were still held by the Buffett Limited Partnership; however, once Buffett dissolved his partnership in the upcoming years, he paid out each distributive share in Berkshire shares. I'll know for sure once I research and document the specific year this happened.
I've always been interested in how Buffet switched from a limited partnership to permanent capital. To me this was a game changing move and a key distinction people forget when they want to be like Buffet. Thank you for writing about this.
Thanks for reading! In 1965, the Berkshire Shares were still held by the Buffett Limited Partnership; however, once Buffett dissolved his partnership in the upcoming years, he paid out each distributive share in Berkshire shares. I'll know for sure once I research and document the specific year this happened.
It was also nice that you set the scene of what was going on at the time.
Concentration all the way if you’ve done your research and diligence 👍
Buffett & Munger certainly thought so!
There's a lot we can learn from Warren Buffett.
Indeed, I'm excited to further document little nuggets of wisdom from Buffett as I make my way through the decades.