Anyway, there was no way that Buffett was going to wait. Having racked up the only A+ that Graham had awarded in twenty-two years at Columbia,45 Buffett made what seemed an irresistible offer: to work for Graham-Newman for free. But Graham turned him down. These were the days when Jews were locked out of Wall Street’s gentile firms, and Graham preferred to hold his spots for Jews.46 † (Morgan Stanley would not hire its first Jew until 1963.)

