Nicely engraved antique stock certificate from Berkshire Fine Spinning Associates, Inc. dating back to the 1940s.
This company was founded in 1889 as Berkshire Cotton Manufacturing Company in Adams, Massachusetts.
In 1929, Berkshire merged with the Valley Falls Company of Rhode Island and became known as Berkshire Fine Spinning Associates.
Warren Buffett, who had founded Buffett Partnership Limited to make investments, started buying stock in Berkshire at $7.60 a share. He eventually paid an average of $14.86 a share, or a total of $14 million, and took control of the company on May 10, 1965.
Warren Buffett used Berkshire Hathaway as his investment vehicle, took the chairman's job in 1970, and acquired dozens of companies.
Today, Berkshire Hathaway's net worth is $530 billion.
