If you are a shareholder of Warren Buffet's Berkshire Hathaway, I believed you are reading intriguingly how the Oracle of Omaha (together with Charles T. Munger) recount 50 years history of the company. On page 24 of the Letter To The Shareholders, he shared the beginning of Berkshire Hathaway by quoting a monumentally stupid decision (his own words)  he made some 51 years ago. Following is the gist I extracted from an article in Business Insider Singapore : "On May 6, 1964, Berkshire Hathaway, then run by a man named Seabury Stanton, sent a letter to its shareholders offering to buy 225,000 shares of its stock for $11.375 per share. I had expected the letter, I was surprised by the price." Berkshire then had 1,583,680 shares outstanding. About 7% of these were owned by Buffett Partnership Ltd ("BPL"), an investing entity that I managed and in which I had ......