This is the name of the holding company that Buffet and Munger use as their vehicle to acquire and hold business interests.
This place is the hometown of Warren Buffett and home office of Berkshire Hathaway.
Efficient Market Theory
This is the name of a financial theory whose premise is that a market efficiently allocates investment dollars between risk and return. For any degree of risk, the market will price assets to attract the appropriate available amount of investment dollars.
This is an investment style used by Buffett and Munger to acquire either 100% of a company or less than 100% in stock market purchases.
This is the name of a business value measure used by Buffett that is defined as the discounted present value of cash that can be taken out of the business over the long run.
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