Why Warren Buffett Ended his Partnership

by Geoff Gannon


Warren Buffett was on Charlie Rose this week. Charlie asked Warren why he ended his partnership in the 1960s. Here’s what Warren said:

I got out because I had a good record up till then. I had all these people counting on me. And I thought things were getting very speculative. And I didn’t know how to make money in that period. And I was competitive enough to feel that I didn’t want to do lousy compared to other people. And yet I didn’t want to do the things they were doing. So the only thing to do was to give the money back.

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