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Buffett's strategy began to exert effective when he did the same with Berkshire Renaissance in initial capital from the textile industry. In 1970, the profit that Berkshire obtained from the apparel sector is 45,000 dollars. Meanwhile, the company earned 2.1 million dollars are from the insurance industry and 2.6 million is from the banking industry. In particular, both the insurance and banking are investing a significant amount of which is equivalent to the figure put on textiles.The period of the market crash of 1973-1974 is a successful launch pad for Berkshire by Buffett began to turn the company into a public company to specialize uncheck capitals into other companies. The company's stock sold for cheap quality but nobody minded. Crowd psychology is too great barriers to brave buy stocks at the moment.
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