BERKSHIRE HATHAWAY INC.
Shareholder Letters
berkshirehathaway.com
University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting
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Shareholder Letters
berkshirehathaway.comBuckle Up
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Insurance companies offer standardized policies which can be copied by anyone. Their only products are promises. It is not difficult to be licensed, and rates are an open book. There are no important advantages from trademarks, patents, location, corporate longevity, raw material sources, etc., and very little consumer differentiation to produce in
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