Back in the early 60's, a little while after I had bought my first stock, I remember Berkshire Hathaway was trading at the then astronomical price of about $600 per share. Even then it was the most expensive stock on the NYSE. Of course average volume on the NYSE back then was about 60M shares a day and you had to go the library to do stock research, mostly in “Value line” and magazines.
I somewhat naively remember thinking that no stock could be worth $600, boy was I wrong. Besides, who was this guy from Omaha that everyone was talking about? I should have done more research.
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