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Warren Buffett bought a pinball machine for $25 in 1946 and started ‘the best business I was ever in’

June 20, 2018

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“We represent Wilson’s Coin-Operated Machine Company, and we have a proposition from Mr. Wilson. It’s at no risk to you. Let’s put this nickel machine in the back, Mr. Erico, and your customers can play while they wait. And we’ll split the money.”

“Mr. Wilson’s Coin-Operated Machine Company” didn’t exist, but that didn’t matter: Erico loved the idea. The young business partners installed the machine in the barber shop and it was a hit from day one: The first night, Buffett and Danley collected four dollars. After one week, they had $25, enough to buy another pinball machine.

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