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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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 ...

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He Relied On His Shopping Experience Instead Of Audits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-12 05:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/topics/26/02/50561960/warren-buffett-bought-nebraska-furniture-mart-for-60m-with-a-handshake-deal-in-1983-he-relied-on-his-shopping-experience-instead-of-audits><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.benzinga.com/news/topics/26/02/50561960/warren-buffett-bought-nebraska-furniture-mart-for-60m-with-a-handshake-deal-in-1983-he-relied-on-his-shopping-experience-instead-of-audits\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0053666078.USD","symbol_name":"摩根大通基金-美国股票A（离岸）美元","start_time":0,"source_url":"https://www.benzinga.com/news/topics/26/02/50561960/warren-buffett-bought-nebraska-furniture-mart-for-60m-with-a-handshake-deal-in-1983-he-relied-on-his-shopping-experience-instead-of-audits","article_id":"2610630961","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/02/11/Berkshire-Deploys-Billions-Into-Health--.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/news/topics/26/02/50561960/warren-buffett-bought-nebraska-furniture-mart-for-60m-with-a-handshake-deal-in-1983-he-relied-on-his-shopping-experience-instead-of-audits","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2610630961","pubTimestamp":1770845460,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"In 1983, chairman and former CEO of Berkshire Hathaway ) 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 1-page contract and a handshake.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 a $500 loan in 1937 and turned it into one of the biggest furniture retailers in the country.Even more remarkably, the company’s books weren’t audited. “This purchase is being made without any audit whatsoever of the books or the inventory or anything about this business and that’s unheard of in business,” Buffett said at the time.To add Benzinga News as your preferred source on Google, click here.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0251142724.SGD":"Fidelity America A-SGD","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU0971096721.USD":"富达环球金融服务 A","BRK.B":"伯克希尔B","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4581":"高盛持仓","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0234572021.USD":"高盛美国核心股票组合Acc","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4176":"多领域控股","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC"},"translate_title":"1983年，沃伦·巴菲特(Warren Buffett)通过握手交易以6000万美元收购了内布拉斯加家具市场(Nebraska Furniture Mart)。他依靠他的购物经验而不是审计","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRK.B":1.94},"content_text":"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.\nThe 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 a $500 loan in 1937 and turned it into one of the biggest furniture retailers in the country.\nDon't Miss:\nEven more remarkably, the company’s books weren’t audited. “This purchase is being made without any audit whatsoever of the books or the inventory or anything about this business  and that’s unheard of in business,” Buffett said at the time.\nTrending: Deloitte's #1 Fastest-Growing Software Company Lets Users Earn Money Just by Scrolling — Accredited Investors Can Still Get In at $0.50/Share.\nMrs. B stayed on after the sale, working 70-hour weeks until her family pushed her into retirement at 95. Annoyed, she opened a competing store across the street. Buffett had not included a noncompete clause, so she was free to do it. Within two years, her new store was the third-largest carpet outlet in Omaha. Buffett eventually bought her out again, this time with proper legal paperwork.\nSee Also: Motley Fool's analysts have built a new lineup of passive ETFs — explore which \"Foolish\" strategy fits your investment goals.\nIn 2015, NFM opened a store in The Colony, Texas that spanned 1.8 million square feet, making it the largest home furnishings store under one roof in the world. Buffett said that it was a proud moment after working with the Blumkin family for 30 years. He predicted the Texas location would surpass NFM’s Omaha and Kansas City, Kansas, stores, each already pulling in about $450 million annually at the time.\nFor investors looking to follow in Buffett’s footsteps without buying an entire store, platforms like Arrived make real estate investing more accessible. Folks can invest with as little as $100 in shares of rental properties and potentially earn monthly income and long-term gains, without the stress of being a landlord.\nRead Next: Professional traders demand transparency — see why Kraken Pro has become one of crypto's most trusted advanced trading platforms.\nImage: Imagn\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.38.0","shortVersion":"4.38.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2610630961","isCrawlerRequest":true}