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On May 10, 1965, after accumulating 49% of the common stock, Warren named himself Director. Terrible management had run the company nearly into the ground. After this the company continued doing well and Buffett appointed someone else to head the company. In the coming years Buffett's value rose immensely...
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In the coming years Buffett's value rose immensely.
In the late sixties and early seventies Warren invested in several companies which paid off. A company by the name of See's candy became a great investment. He bought the company for 25 million. The chocolate company came to be known as the best investment he ever made...
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