Category: Warren Buffett & Berkshire Hathaway

Lessons From Hyatt Family Decisions on Selling Businesses

For many business owners, selling a business is both about the money and about finding the right home for their life’s work.  This was very true for the Hyatt family as they worked to sell family businesses over the last decade after the patriarch’s death.… Continue reading

Berkshire Hathaway Annual Meeting Notes for 2014

For those you have not attended a Berkshire Hathaway annual meeting, picture this scene at the 2014 meeting.  A stadium is filled to its capacity of 30,000 people with another 8,000 in overflow rooms at the adjacent conference center and hotel.  For nearly six hours,… Continue reading

Berkshire Hathaway: If You Love the Management, Set Them Free

Private equity investors often take the “father knows best” approach to working with their management teams.  To me, this is crazy — particularly when the management team has years of experience with the business, the investors are new to the business, and the track record… Continue reading

New $20 Million Investment Fund Looking for Profitable, Fast-growing Businesses

Greybull Stewardship, L.P., an investment fund, completed in January 2014 its $20 million round two capital commitments. Since the fund’s January 2010 inception, annual returns have realized 23 percent after fees. As a result, existing Limited Partners (LPs) increased their commitments and new LPs were… Continue reading

Business Buyers According to Warren Buffett: Competitors, Flippers, or Berkshire Hathaway!

Whether to sell a business or accept outside equity capital is a high stakes decision for business owners.  Trade-offs are natural and necessary — we instinctively know that we cannot achieve every objective in every decision.  It is pretty easy to categorize the business buyers… Continue reading

Investment Wisdom Convergence from Clayton Christensen and Charlie Munger

When two great thinkers come to a similar idea from different starting points and careers, I pay attention.  For business and investment wisdom, Clayton Christensen of the Harvard Business School teaches his students a collection of “theories and frameworks” to help them understand and deal… Continue reading

Predict Stephen Burke as Warren Buffett Successor

I first predicted Warren Buffett’s successor last year, and I am reiterating it today.  I believe Stephen Burke, current Berkshire board member, will succeed Warren Buffett as the Berkshire Hathaway CEO as explained below.  Furthermore, here is another post that discusses how Berkshire is likely to… Continue reading

Like Warren Buffett, Best Investment Philosophy Balances Discipline with Flexibility

Warren Buffett is famous for his discipline in his early investing success.  Now, I think he is demonstrating his flexibility (some are critical of his recent flexibility) in investment philosophy.  Both are important skills for business owners and managers to master and to know when… Continue reading

Investment Strategy & Structure Is the #1 Thing Founders and CEO’s Should Watch In Raising Capital

To be better, one must first be different.  Thus, good strategy focuses on understanding differences and creating differences.  This also applies to investment firms — differences in structure often drives the strategy.  Any entrepreneur or business owner considering raising capital needs to understand the structure… Continue reading

Family Business Role Models: Blumkin Family of Berkshire Hathaway

Heroes have been a topic several times in talks by Warren Buffet.  “Pick your heroes carefully,” he said one time, “as it will have a big impact on who you become.”  Another time he said, “Tell me who someone’s heroes are, and I will have… Continue reading