“Too many companies throw away money on poorly timed business expansions, ill-advised acquisitions, repurchase of their company stock at high PE valuations, and inflated C-suite pay arrangements.”

Amen to your comments as well! Buffett and Berkshire are one of the case studies where the more I read and dig about its history and journey, the more I appreciate the brilliance and trailblazing nature of Buffett. The benefits of disciplined allocation, compounding Retained earnings, enormous growth of Negative cost float, building Long-tail float, ownership of investees within Insurance division, and acting with honesty and integrity not only because it’s the right thing to do but it makes for a great business with very high quality owners. Appreciate he made room for us less gifted folks to ride on he & Charlie’s rocket ship and enjoy the same returns with zero fees.

Berkshire Hathaway FAQ

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