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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: CrankyCharlie   😊 😞
Number: of 22353 
Subject: Re: BRK: Why Not XOM?
Date: 12/22/24 6:40 PM
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No. of Recommendations: 1

I would encourage anyone interested in XOM to read the following book:

amazon.com - Exxon Transforming Joseph Pratt

This is John D. Rockefeller's Co. and the culture has never changed for 100 years. Moreover, XOM is run by engineers not corporate bureaucrats. There is a LONG history of scale, cost controls/ongoing cost cutting, strong financial discipline and conservatism.

This is Fort Knox. Very Berkshire like culture (invest counter cyclicly etc).
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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