Great Finance Firms · Builders
Berkshire Hathaway
A failing textile mill became one of the world's most valuable companies: insurance float as cheap leverage, buying great businesses at fair prices, extreme decentralization and 60 years of compounding.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: Time value of money, DCF (helpful). Next: BlackRock. Sources: Buffett's shareholder letters (free at berkshirehathaway.com), *The Snowball* (Schroeder), *Poor Charlie's Almanack*.Next: 1. A bad start