Maya Peterson wrote Lighthouse to inspire and empower women to study “female lighthouses in the world of finance.” While these women have navigated different paths, what they have in common is the shared experience of being women in a male-dominated ...
Reading a book can be deceptively expensive. The cost of a new hardcover book on Amazon is usually in the vicinity of twenty dollars, but the real cost of reading any book is the time you spend reading it. If ...
"So, guys, how did the trip to Japan go? Did you get the software installed?" "It was great! The clients loved us and are super happy about the installation! The boss even took us out for dinner the last night ...
"It wasn't luck that made them fly; it was hard work and common sense; they put their whole heart and soul and all their energy into an idea and they had the faith." - John T. Daniels, recalling the first ...
Great books represent a terrific value proposition. For a modest amount of money, or even free of charge at the local library, a reader can gain access to some of the greatest minds in human history. We take it for ...
"Imagine how much harder physics would be if electrons had feelings!" -- Richard Feynman The goal of many websites is to create "evergreen" content -- that is, content that stands the test of time and will prove to be relevant ...
"Compound interest is the 8th wonder of the world. He who understands it earns it. He who doesn't pays it." -- Attributed to Albert Einstein The quote above has often been attributed to Albert Einstein although there is some controversy ...
"It can't possibly be this easy!" A first time attendee of a Berkshire Hathaway annual meeting might find it hard to believe that there could be any skeptics in the crowd. In contrast to the boring, useless, and perfunctory meetings ...
The idea of cutting out the middleman has always been an attractive concept because doing so promises to lower costs and produce potential benefits for both sides of a commercial transaction. However, the role of intermediaries in the economy has ...
The team of six, three men and three women, pretended not to know each other and made their way to the baccarat tables at the Dunes casino in Las Vegas. It was the spring of 1963 and Las Vegas was ...
"There is always something to do. You just need to look harder, be creative and a little flexible." -- Irving Kahn One of the interesting aspects of the stock market involves the peculiar attitude many investors have when it comes ...
Periods of major step changes in technology present serious challenges to investors, particularly those who have significant interests in incumbent firms. In retrospect, one can confidently point to inflection points that represent technology shifts with enormous impacts on human history ...
Is it possible to reliably identify great managers and their companies at an early stage and enjoy compound annual returns of twenty or even thirty percent over many decades? We recently explored this subject in some detail using Berkshire Hathaway ...
"I would say that more dumb acquisitions are made in the name of strategic plans than any other. I would be very wary if a board went through some elaborate process where a strategic plan was reviewed in great detail ...
"The elementary part of psychology—the psychology of misjudgment, as I call it—is a terribly important thing to learn. There are about 20 little principles. And they interact, so it gets slightly complicated. But the guts of it is unbelievably important." ...
“We get these questions a lot from the enterprising young. It’s a very intelligent question: You look at some old guy who’s rich and you ask, 'How can I become like you, except faster?'” -- Charlie Munger in response to ...
"It is difficult to get a man to understand something, when his salary depends on his not understanding it.” -- Upton Sinclair On the commute home from work, a man suddenly has a brilliant flash of insight and comes up ...
“In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time -- none, zero. You'd be amazed at how much Warren reads--and at how much I read. My children ...
Charlie Munger: The Complete Investor, is likely to be of interest to thousands of Berkshire shareholders as well as others who make it a habit to study the ideas of those who have achieved remarkable success. Read this book review ...
In Berkshire Beyond Buffett, George Washington University Professor Lawrence Cunningham paints a compelling portrait of Berkshire's culture that demonstrates how Mr. Buffett's skills as a manager have been key to the company's growth over the past two decades. Read this ...