Warren Buffett's Berkshire Hathaway discloses huge moves in annual report
Berkshire Hathaway's annual report was released on Saturday.
Warren Buffett wasn't always the Warren Buffett so many people admire.
When he started assembling his Berkshire Hathaway conglomerate in the 1960s, he bought not-great companies at bottom-of-the-barrel prices and replaced the management.
Not long after, he became partners with the late Charlie Munger, who pointedly said cheap companies sold cheaply are cheap for a reason.
