Warren Buffett's Newspaper Test - How run a half a trillion business

Описание: Warren Buffett and Berkshire's management and philisophy is one of legends as seen in this Newspaper test. Berkshire has dozens of operating units and dozens of CEOs operating on down right simple ethical framework. As he plainly said, "It took us 37 years to get there. We can loose it in 37 minutes."

Chapters:

0:00 Berkshire's management and organization
0:28 Nebraska HQ organization and CEOs
1:00 Warren Buffett's management style
1:48 Warren Buffett's One Page letter to CEOs
3:15 Warren Buffett's Newspaper Test on business ethics

Excerpt from Wikipedia

Berkshire Hathaway is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, Forest River and NetJets, and also owns 38.6% of Pilot Flying J; and significant minority holdings in U.S. public companies Kraft Heinz Company (26.7%), American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.32%), Bank of America (6.8%), and Apple (5.4%).

The company is known for its control and leadership by Warren Buffett, who serves as chairman and chief executive, and by Charlie Munger, one of the company's vice-chairmen. In the early part of his career at Berkshire, Buffett focused on long-term investments in publicly traded companies, but more recently he has more frequently bought whole companies. Berkshire now owns a diverse range of businesses including confectionery, retail, railroads, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales, manufacture and distribution of uniforms, and several regional electric and gas utilities.

Excerpt from Warren Buffett speech in Univeristy of Nebraska Lincoln, April 4, 2003.

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Warren Buffett, Charlie Munger, Peter Lynch, John Bogle, the list goes on. These great investors paved the way in the investment arena so that ordinary guys, like you and me, don't have to walk alone; wreck less and lost.

The Investor Hive's goal is to distill the wisdom from these giants and make them easier for you to find.

While investing is about making money, their values, discipline, wisdom, will go farther than investing but also in business, life, and family. Togethers, let's get to know them and what they have done in the world of investing.

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