Although the great investor Warren Buffett said that it's better to "learn from the other guys' mistakes" rather than make ...

One of the best stocks to buy and hold forever is none other than Buffett's largest personal holding, Berkshire Hathaway.

Buffett explained that he first invested in Berkshire Hathaway in 1962 when it was a failing textile company. He thought he would make a profit when more mills closed, so he loaded up on the stock.

Believe it or not, it was the aggressive takeover Berkshire Hathaway, a textile factory that was basically doomed to fail. The "decision" occurred in 1964 when Buffett, then an owner of just 7% of ...

Warren Buffett has built a financial powerhouse in Berkshire Hathaway that can stand the ... Since 1965, Buffett has turned the once-struggling textile mill into one of the largest companies ...

CEO Warren Buffett recounted the irony of his most “unpromising” purchase—Berkshire Hathaway itself. Despite ultimately transforming the struggling textile manufacturer into a multi-billion ...

(AP) — Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate ... the failing textile mill they took over ...

Berkshire Hathaway (NYSE: BRK.B ... of Berkshire since 1965 when he took over as CEO of the failing textile company. He is now 94 years old, and he won't be around forever.

Buffett explained that he first invested in Berkshire Hathaway in 1962 when it was a failing textile company. He thought he would make a profit when more mills closed, so he loaded up on the stock.