Warren Buffett Flipped A Neighbor's $65K Life Savings Into $25 Million But They Almost Didn't Ask — 'He Doesn't Want The Kind Of Money We Have'
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What if the smartest investment decision someone ever made came down to asking a neighbor a question they almost never asked?
In Omaha, Nebraska in the mid-1960s, Rabbi Myer S. Kripke and his wife, Dorothy, had about $65,000 saved. Their neighbor was Warren Buffett, then running a small investment partnership that would later evolve into Berkshire Hathaway. The story, documented by The New York Times in a 1997 profile and revisited in a 2014 obituary of Kripke, turned that modest sum into one of the more remarkable long-term outcomes tied to Buffett’s early years.
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Buffett typically accepted much larger investments at the time, often in the range of $150,000 or more.
Kripke hesitated. “He doesn’t want the kind of money we have,” he said.
Dorothy kept pressing the issue. “Myer, invest the money with your friend Warren,” she told him, repeating it for years.
When he finally asked, Buffett agreed.
“I wasn’t admitting many people in the 1960’s,” Buffett told the Times. “But I liked Myer.”
The decision came down to trust, not size. “I wanted people who, if it went bad, we could still be friends,” Buffett said. He also described the rabbi in simple terms: “He’s a sincere guy. He can be quite funny. He’s quite likable.”
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The money went into Buffett’s partnership, where he made the decisions and shared little detail.
That arrangement worked. The rabbi stayed hands-off, and Buffett later pointed to that as part of the reason the relationship worked so well. “He never asked me, ‘Why didn’t we do better last year?’ or, ‘How are we going to do this year?'”
When the partnership dissolved in 1969, the investment converted into shares of Berkshire Hathaway, setting up decades of compounding.
Years later, the scale spoke for itself.
“It mushroomed like an atomic bomb,” Kripke told The Philadelphia Inquirer in 1997.
Their roughly $65,000 had grown to more than about $25 million by the mid-1990s. The Times reported.
Adjusted for inflation, the numbers carry even more weight. The original investment lands around $650,000 to $750,000 in today’s dollars. The $25 million figure translates to roughly $50 million or more now.
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Despite the growth, the Kripkes kept things simple.
Kripke lived in a rented apartment that cost about $900 a month and saw no need to upgrade. “There’s nothing wrong with a Chevrolet,” he told the Times, recalling a conversation with his wife.
His view of Buffett reflected shared values more than wealth. “We both lived in similar ways,” he said. “We both felt that the business of life is to be decent to one another and to live with compassion and not indifference.”
In the end, the numbers are striking, but the pattern is straightforward. One decision, left alone for decades, did the work.
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