Becoming Berkshire

Becoming Berkshire

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Becoming Berkshire
Becoming Berkshire
National Indemnity

National Indemnity

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

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The Weekend Investor
Jul 24, 2024
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Becoming Berkshire
Becoming Berkshire
National Indemnity
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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…

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