In 1942, the world was at war. In December of the previous year, the United States entered WWII when Japan attacked Pearl Harbor.
By that time, the US got into a war that started in 1939. While Americans were quick to adjust back at home, by turning factories into manufacturers of weaponry, the war itself didn’t play out well at all.
America was struggling in the Pacific. It was a rough first year with many casualties. Some people started to lose faith.
That was the year an 11-year-old boy made his first stock purchase. He bought six shares of Cities Service, an energy company, for $38 per share. He bought three shares for himself and three shares for his sister, Doris Buffett.
