Introduction and Prologue
• Warren Buffett and Charlie Munger were Chairman and Vice-Chairman of Berkshire Hathaway Inc.
• Berkshire Hathaway began as a textile company in the early 1800s.
• Warren Buffett managed by owner-related business principles.
• Buffett's wealth was solely in the Berkshire Hathaway stock.
• The essays in the book were from the annual reports Buffett prepared for stockholders.
• Buffett believed many annual meetings are a waste of time for shareholders and managers.
• Fourteen owner-related business principles were listed in this chapter.
• Buffett and Munger strove to provide accurate and fair reporting on the stocks and the company to all 300,000 partners/shareholders.
• Buffett was a general partner at Buffet Partnership Ltd, which acquired Berkshire Hathaway in 1964.
• Half of all major American companies matched charitable donations of directors.
Corporate Finance and Investing
• Buffett purchased the Washington Post Company in 1973.
• The popular acquisition theory relied on stock market value, while...
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