I always through the company name Intel was a just the first five letter of “intellegent” or “intellegence”. Wrong. It’s a portmanteau of INTegrated ELectronics. This was one of the many tidbits of knowledge that have shown up in The Snowball, the “other” biography of Warren Buffett. Turns out Warren had the opportunity to invest $100,000 into the initial...
Do you remember my journey down the 8-bit computing rabbit hole? Well… if you are going to do something for fun like designing an upgraded 1976 CPU and writing a 1979 personal computer operating system, you might as well go all the way and write the accompanying book too, in the matching late-1970s style. I read a lot of fan fiction in my free time, but I don’t recall ever seeing much...
Apple went public in December 1980. They successfully raised $100 million at $22 per share. They’ve split those shares 2:1 three times since then, and 7:1 once, and 4:1 once, plus they’ve bought back a lot of shares, but roughly that $22 share today is worth at least $40,000. If you read this blog, you know that rise in value isn’t what mosts interests me, but rather the fact...
The more I dig into Berkshire Hathaway, the odder it gets. Did you know the company wasn’t listed on the New York Stock Exchange until November 1988? In 1929, Berkshire Fine Spinning Associates was created through the merger of the Berkshire Cotton Manufacturing Company (founded in 1889) with Oliver Chace’s textile companies (founded in 1839). In 1955, Hathaway Manufacturing Company...
