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Capital Allocation: The Financials of a New England Textile Mill 1955 - 1985
Capital Allocation is the true story of a once dying company who rejected its fate and carved out a unique path to success. The book is both an underdog story and a romance novel chronicling this evolution. A deep love and affection for capitalism and compound interest are required in order to stay awake while reading the pages contained in this book. The historical financial statements contained in Capital Allocation are sure to stimulate the senses and inspire readers to rethink what is possible for the allocation of capital on planet Earth.
199 pages, Paperback
Published May 9, 2020
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Displaying 1 - 10 of 10 reviews
October 8, 2022
The author describes it best: read Warren Buffett and Charlie Munger biographies if you want the ESPN highlights. Read this book if you want the game film that players and coaches use to study the play-by-play and detailed break downs of games.
The TLDR secret to Berkshire Hathaway’s success is getting float. They were able to accumulate tremendous float from GEICO, Blue Chip Stamps, and American Express investments to invest in solid dependable businesses.
The TLDR secret to Berkshire Hathaway’s success is getting float. They were able to accumulate tremendous float from GEICO, Blue Chip Stamps, and American Express investments to invest in solid dependable businesses.
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September 18, 2023https://www.youtube.com/watch?v=eLEvn...
I haven't read it yet but want to link here for others, Of interest as my dad worked in textiles all his life. I worked in the summers while in school in the 70's .
I haven't read it yet but want to link here for others, Of interest as my dad worked in textiles all his life. I worked in the summers while in school in the 70's .
August 3, 2020
This book is a great resource to learn about the financial characteristics of the companies that Buffett bought during the middle years of his career (and the early years of his time at Berkshire). There are case studies ranging in size on just about every acquisition Buffett made in this period, focusing primarily on the financial statements. This is a great way to learn a little bit about the shared characteristics that many of the insurance and financial institutions that Buffett pursued.
Downsides to this book include very choppy writing ("due to the fact that"), uninspiring and flaccid commentary, and some data plucking. However, with that being said, I don't think the author was trying to create the greatest book ever written on Buffett. The objective was to provide numbers to pair with the acquisitions that were, prior to this writing, not readily available in one volume.
I am glad to have read it, but would only recommend to those most devoted Buffett followers/students.
Downsides to this book include very choppy writing ("due to the fact that"), uninspiring and flaccid commentary, and some data plucking. However, with that being said, I don't think the author was trying to create the greatest book ever written on Buffett. The objective was to provide numbers to pair with the acquisitions that were, prior to this writing, not readily available in one volume.
I am glad to have read it, but would only recommend to those most devoted Buffett followers/students.
April 28, 2024
A book about the history of New England
Textile Mill - Berkshire Hathaway between 1955 and 1985. Its stock was bought by famous investor Warren Buffett, who began investing the surplus money in other companies that had better businesses than the textile business, which was dying in the US.
A very underwhelming book including financial numbers of each of the companies acquired.
For fans and shareholders of Berkshire Hathaway, I recommend it.
"You can argue that if you're not willing to react with equanimity to a
market price decline of 50% two or three times a century, you're not fit to
be a common shareholder and you deserve the mediocre result” -Charlie Munger
Textile Mill - Berkshire Hathaway between 1955 and 1985. Its stock was bought by famous investor Warren Buffett, who began investing the surplus money in other companies that had better businesses than the textile business, which was dying in the US.
A very underwhelming book including financial numbers of each of the companies acquired.
For fans and shareholders of Berkshire Hathaway, I recommend it.
"You can argue that if you're not willing to react with equanimity to a
market price decline of 50% two or three times a century, you're not fit to
be a common shareholder and you deserve the mediocre result” -Charlie Munger
June 29, 2023
Historia berkshire hathaway opowiedziana przez pryzmat ich bilansu, zwrotów z inwestycji i cyferek. Dużo tabelek. Bardzo pomocne jeśli nie-finansista próbuje zrozumieć finanse, jednocześnie to nie jest najbardziej pasjonująca z możliwych lektur. Bardzo dobra.
February 10, 2024
This book is an excellent concise resource for those wanting the overview of how Berkshire grew financially in it's earlier years under Buffet. It is not a huge book, is as accessible as a short financial history book is likely to be, and appears to be very well researched.
November 25, 2020
For BRK fans only
For Berkshire fanatics only but a worthwhile addition to the collection of all things Berkshire. A short but interesting book.
For Berkshire fanatics only but a worthwhile addition to the collection of all things Berkshire. A short but interesting book.
December 28, 2021
Very special used look at Buffett/Berkshire.Still think you would be better to read biographies
May 10, 2023
Very great book on the early history of Berkshire. A must read to understand Berkshire’s success
April 26, 2024
Does what it says. I found it interesting on the role of float.
Displaying 1 - 10 of 10 reviews