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Company fare after his inevitable departure

In 1965, Warren Buffett acquired control of a New England textile business called Berkshire Hathaway for about $10 a share. Today the stock sells for around $135,000 a share and Mr. Buffett is the second richest person in America. The stock has never paid a dividend. How does this amazing success fit the theory that the value of a stock is based on the present value of the expected future stream of dividends? What does the future holds for the company?

In an age of hi-tech why did he recently buy the Vurlingotn Northern Roailroad for $44 billion? How will the company fare after his inevitable departure?

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Even without the dividends the stock returns very well for investors. The growth of the stock is phenomenal in both length of time and surviving crisis and financial crisis. The company makes sound decisions and Mr. Buffet is a model for how to live well without living beyond reason and his philosophies are admired and discussed among financial leaders, world leaders, and people on the street. His uncanny ability to know what to do and when is well ...

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The expert determines how a company fares after an inevitable departure.