National Indemnity

Issue 11| 1967 Part 2 - Berkshire Hathaway acquires National Indemnity for $8.6 million.

Welcome to Issue 11, where we delve into the transformative 1967 acquisition of National Indemnity (NICO) by Berkshire Hathaway for $8.6 million. This pivotal move marked Berkshire's strategic shift from its struggling textile operations, which Warren Buffett was actively shrinking due to mounting costs and competition. The acquisition was fundamentally…