Strike! Strike! Strike! It was a warm summer day in July of 1904, and tensions were running high in Fall River, Massachusetts. Earlier in the month, the Fall River Cotton Manufacturers’ Association had announced a 12.5% wage cut in all of the…

In 1964, Buffet acquired shares in a failing New Bedford textile mill known as Berkshire Hathaway. His intent was to sell the shares back to the owners and make a tidy profit. His good business sense did not fail him. The owners of the mill, the…