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Warren Buffett Bought Nebraska Furniture Mart For $60M With A Handshake Deal In 1983. He Relied On His Shopping Experience Instead Of Audits
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Why This Matters
Warren Buffett made a $60 million unconventional deal to buy 90% of Nebraska Furniture Mart in 1983 with a handshake and minimal contract, relying on his trust in the seller, Rose Blumkin.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
In 1983, chairman and former CEO of Berkshire Hathaway (NYSE:BRK, BRK.B)) Warren Buffett made one of the most unconventional deals of his career. He bought 90% of Nebraska Furniture Mart for $60 million. No audit. No team of lawyers. Just a 1¼-page contract and a handshake. A Business Deal Built On Trust The seller was 89-year-old Rose Blumkin, better known as Mrs. B. Born in Belarus, she immigrated to the U.S. with no money, no formal education and no English. She started NFM in a basement with
Original article published by
Yahoo Finance
on February 12, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.