• Investing Legends Warren Buffett

Buffett and Washington Post - Buying Dollar Bills for 25 Cents

Look, imagine you walk into a store and see a crisp $100 bill on the shelf with a price tag of $25. You would buy every single one they had, right? That is exactly what Warren Buffett did in 1973 when he bought shares of the Washington Post Company. He paid roughly 25 cents for every dollar of real business value. And then he held on for decades while that investment turned $10.6 million into over $1 billion.