1967 Buffett Partnership Letter
Issue 10 | 1967- This issue sets the stage for the winding up of the partnership and transformation of Berkshire Hathway into the conglomerate you see today.
Welcome to Issue 10. Warren Buffett found it increasingly challenging to deploy capital due to a changing market environment marked by a new generation of money managers, speculative "fashion" investing, a diminishing number of investment bargains, and his growing capital base of approximately $65 million. He also noted a less compulsive approach to inv…
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