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institution1937–present

Nebraska Furniture Mart

Disciplines:
investing/berkshire hathaway
retail/furniture retail
retail/rose blumkin

Summary

American furniture retailer founded by Rose Blumkin in Omaha in 1937 — which grew to become the largest furniture store in North America — and which Warren Buffett acquired for Berkshire Hathaway in 1983 in one of his most celebrated transactions.

Core Contribution

Demonstrates the immigrant entrepreneur model at its most pure — Rose Blumkin arrived from Russia speaking no English, started selling furniture from a basement, and built the largest furniture store in North America through buying right and selling cheap — and Buffett's acquisition became the template for his subsequent approach to acquiring family businesses.

Historical Influences

Rose Blumkin

Intellectual Lineage

Rose Blumkin Omaha Nebraska originBerkshire Hathaway acquisition 1983

Contemporaries & Peers

IKEA Ashley Furniture

Minds Influenced

Furniture retail industryBerkshire Hathaway acquisition model

Intellectual Posterity

Nebraska Furniture Mart Berkshire Hathaway acquisitionRose Blumkin as Buffett hero

Discussing

Nebraska Furniture Mart

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