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“Good behavior by each party begets good behavior in return.”
― Berkshire Hathaway Letters to Shareholders: 1965-2024
― Berkshire Hathaway Letters to Shareholders: 1965-2024
“At Berkshire, managers can focus on running their businesses: They are not subjected to meetings at headquarters nor financing worries nor Wall Street harassment. They simply get a letter from me every two years (reproduced at the end of this letter) and call me when they wish. And their wishes do differ: There are managers to whom I have not talked in the last year, while there is one with whom I talk almost daily. Our trust is in people rather than process. A “hire well, manage little” code suits both them and me.”
― Berkshire Hathaway Letters to Shareholders: 1965-2024
― Berkshire Hathaway Letters to Shareholders: 1965-2024
“You are imperfect, permanently and inevitably flawed. And you are beautiful.”
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“The heart of a fool is in his mouth, but the mouth of a wise man is in his heart.”
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“But we will never allow Berkshire to become some monolith that is overrun with committees, budget presentations and multiple layers of management. Instead, we plan to operate as a collection of separately-managed medium-sized and large businesses, most of whose decision-making occurs at the operating level. Charlie and I will limit ourselves to allocating capital, controlling enterprise risk, choosing managers and setting their compensation.”
― Berkshire Hathaway Letters to Shareholders: 1965-2024
― Berkshire Hathaway Letters to Shareholders: 1965-2024
Deep’s 2025 Year in Books
Take a look at Deep’s Year in Books, including some fun facts about their reading.
650 books
|
129 friends
603 books
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173 friends
620 books
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412 friends
6 books
|
84 friends
17 books
|
37 friends
32 books
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71 friends
8 books
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63 friends
2 books
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31 friends
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