Chapter 14: The Witch and the Goddess
It took John three full nights to finish reading the "witches." Pen? Interesting? Pavilion wWw. biquge。 Unfortunately, the most recent book only dates to the summer of 1865, and there is not much information in it that is really useful.
Even so, John felt that he had benefited a lot. It is said that the elder Collinius also left a batch of such diaries, but it is not known who fell into the hands of William's grandfather when he died and divided the family property.
Interestingly, however, in several of these diaries, John saw a name that would later be familiar to later generations - Hathaway. That's right, this textile mill in Massachusetts is Berkshire, the investment holding company of Warren Buffett, the "god of stocks"? Predecessor of Hathaway.
Historically, Warren Buffett acquired this company in 1965. At the time, he believed that the company's share price was well below net operating assets and should be profitable. However, the textile mill was unable to turn a profit because it could not resist the competition of cheap foreign textiles.
In the end, Buffett had no choice but to lay off the workers, close the factory, and turn it into an empty shell of his own capital operation. As a result, after a series of acquisitions, mergers, and asset restructuring, Buffett packed all kinds of assets into the empty shell of this company, forming Berkshire Hathaway, the world's most profitable capital investment holding company.
When Warren Buffett took over Hathaway, the company's net worth was just over $20 million, and by 2013, the company's market value had reached $266 billion. What's even more terrifying is that this company only has 1.66 million shares. In other words, the company's share price is as high as $160,000, which is the world's highest price.
Someone once calculated that if you gave $10,000 to Warren Buffett in 1956, you would have made about $270 million in income by 2013, and that was after taxes.
In 2016, before John crossed over, Berkshire Hathaway was ranked 11th in the Fortune 500. Every year when the company holds a shareholder meeting, billionaires from all over the world flock to listen to Buffett's advice. Among the billionaires who came to learn from Bufffael, the "nouveau riche" from China were the most active. Every year, thousands of "Chinese tyrants" spend a lot of money just for a ticket to a shareholders' meeting.
John had seen the news in his previous life, because there were too many Chinese people attending the meeting, Berkshire Hathaway's shareholders' meeting actually opened a special Chinese branch venue to provide Mandarin simultaneous interpretation services for Chinese investors.
At that time, a colleague asked John why these Chinese businessmen had traveled all the way to attend the conference since they couldn't even understand English. Berkshire Hathaway's focus is not in China. How do they know that these "Chinese tyrants" are not here to learn from Buffel at all. These people are just here to take a few photos and learn a few new terms, so that they can go back and show off to other "local tyrants" and show off their own rank.
After reading Henrietta Green's diary today, John learned that Hathaway was actually founded by the "Wall Street witch" and the whaling tycoon Horatio Hathaway. It's interesting to think about Henrietta Green and Warren Buffett, two Wall Street tycoons who are almost 100 years apart, who have made Hathaway so brilliant together.
Although the information in Henrietta Green's diary seems useless, it also reminds John that maybe he can make some special arrangements for Hathaway and Buffett now, and maybe it will come in handy in the future.
John had read "Buffett's Biography" in his previous life, and knew that he was born in Omaha (a small Nebraska town where Berkshire Hathaway's shareholder meeting is held every year), and their family has been very influential in local political and business circles for nearly a hundred years.
But counting the days, Buffett is still a 10-year-old hairy child, busy selling Coca-Cola on the street during holidays to earn pocket money. Next year, he Buffett will buy his first stock under the influence of his stockbroker father.
So, it's too early to invest in Warren Buffett. There are too many variables in a few decades, and no one can say what this kid will develop into in the future. But his father, Hall Buffett, is a good investment.
At present, Hall Buffett is still somewhat well-known in the American securities industry. Although the business is not big (it is really not big compared to those Wall Street predators), he worked as a newspaper editor in his early years, and he is very good at writing, and he is good at observing market changes, and often has some analytical articles published in professional journals and newspapers, and is a well-known "industry expert".
And, as far as John knows, the Buffett family has been the backbone of the Republican Party in Nebraska for several generations. More than one member has run for local mayoral and state legislators on behalf of the Republican Party. Haule Buffett himself is a die-hard Republican. Historically, he served as a member of the House of Representatives from 1942 to 1948 and from 1950 to 1952.
It just so happened that William was about to take the helm of the Republican House National Committee, overseeing the party's House of Representatives election affairs. When Hauer Buffett comes out to run next year, he will inevitably seek William's support. When the time comes, as long as the old Fan family shows a little kindness, I believe that a small family like Buffett from the Midwest will take the initiative to move closer to them. Therefore, it is not difficult for John to get the "friendship" of the Buffett family.
As for Hathaway, John's considerations are much more practical. His goal was clear – to make nylon for parachutes.
At present, nylon, a new textile material, is completely monopolized by DuPont. Although DuPont sells nylon stockings all over the world, other textile companies are reluctant to rush into the nylon textile field. In the final analysis, it is because before the 60s, the textile industry was still profitable, and most textile companies did not want to increase the risk of doing business.
So much so that during World War II, because DuPont could not meet the needs of the military, the U.S. government had to organize a number of large textile companies in the country at that time, and asked them to transform the production of nylon fabrics used to make parachutes, ammunition bags, camouflage cloths and mosquito nets.
And Hathaway is one of them. During World War II, they contracted more than half of the parachute fabric production, and after the war, they transformed into the largest manufacturer of man-made fiber linings in the United States.
Now, since John already knew that he would serve in the Airborne Forces, how could he not use his brains on paratrooper equipment. At present, the mainstream parachute material is still silk, which is too expensive. He didn't want to jump off a plane with an expensive and difficult to handle and unmanageable T5 parachute. Therefore, he always had the idea of designing and producing a new parachute (referring to the later T10).
However, no matter how good the design is, it needs people to do it. Even if he spends money to buy a textile factory, he has to have someone knowledgeable to help him take care of it. Now it seems that Hathaway is a good investment target because of the Andersons.
He specifically inquired, although Hathaway is currently operating quite well, but the equity is very dispersed, and the largest shareholder only holds 17% of the company's shares. This gave John an opportunity.
Moreover, Mrs. Anderson, as Henrietta Green's niece, herself inherited a 6% stake in Hathaway. Anderson himself runs a textile mill that manufactures for Hathaway. John felt the need to talk to Anderson again to see if he could buy some Hathaway shares through him.