Buffett Bought Company to Fire CEO, Built $900B Empire from 12-Cent Insult

• Warren Buffett acquired Berkshire Hathaway, a struggling textile company, initially to fire its CEO over a 12-cent dispute.
• Buffett gained control after the CEO tried to shortchange him, leading to the CEO's dismissal.
• Initially deemed a "foolish deal," Buffett transformed Berkshire Hathaway into a successful holding company.
• He diversified investments into insurance, banking, railways, and major corporations like Apple and Coca-Cola.
• Today, Berkshire Hathaway's valuation exceeds $900 billion, making Buffett one of history's greatest investors.

Why It Matters: An emotional decision by Warren Buffett, sparked by a 12-cent insult, led to a $900B empire.