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Juneteenth Essays Invite Citizens To Mirror Upon American History

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In 1987, Berkshire Hathaway bought a 12% stake in Salomon Inc., making it the most important shareholder and Buffett a director. A rogue dealer, Paul Mozer, was submitting bids in extra of what was allowed by Treasury guidelines. When this was dropped at Gutfreund’s consideration, he did not instantly suspend the rogue trader. Buffett grew to become chairman of Salomon until the crisis handed. He bought a five-bedroom stucco home in Omaha, where he still lives, for $31,500. In 1958 the Buffetts’ third youngster, Peter Andrew, was born.

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