Berkshire Hathaway is often referred to as a “fortress” due to Warren Buffett’s obsession with maintaining a massive margin of safety. With $125 billion of cash on hand as of December 31, 2019, there is no doubt that the company
Buffett Loosens the Purse Strings for Repurchases
Berkshire Hathaway has released its 2019 annual report along with Warren Buffett’s annual letter to shareholders. In the letter, Mr. Buffett spends some time discussing the power of retained earnings as well as general capital allocation strategies. Given Berkshire’s policy
Twenty Years of Owning Berkshire Hathaway
Every person will have a different definition of what counts as “the long run”, but it is probably fair to say that a decade is thought of as a long time by almost everyone. That is enough time to bring
Berkshire Hathaway’s Culture of Trust
“Buffett trusts me so much with Berkshire’s money that I am even more careful in handling Berkshire capital than in handling my own.” — Bruce Whitman, former CEO of FlightSafety International Trust takes a long period of time to fully
Availability-Misweighing Tendency
This mental tendency echoes the words of the song: “When I’m not near the girl I love, I love the girl I’m near.” Man’s imperfect, limited-capacity brain easily drifts into working with what’s easily available to it. — Charlie Munger,