Tag Archives: Berkshire Hathaway

Business Financial Models – Coca-Cola vs. Wine

As the next post in the series on a Perfect Business, Financially Speaking, I think an anecdote told by Donald Keough in his book “The Ten Commandments of Business Failure” conveys the advantages of having a good business financial model versus the alternative. Mr. Keough… Continue reading

Thoughts on the Berkshire Hathaway Meeting 2012

The Berkshire Hathaway Annual Meeting Below are a few words of advice from Warren Buffett and Charlie Munger yesterday at the Berkshire Hathaway annual meeting.  Business owners and investors should make a point to attend a Berkshire annual meeting sometime.  There are not that many… Continue reading

Berkshire Meeting Week: Circle of Competence

Your “Circle of Competence” is the area that you understand well.  For investors and business owners, it is wise to keep your business activities within your Circle of Competence.  This should not be a limiting concept — once you focus on something, you begin to see more opportunities… Continue reading

Berkshire Week 2012: Predict Stephen Burke as next Berkshire CEO

First, a little extraneous caveat about this prediction.  I have not spoken to anyone at Berkshire about this.  Frankly, I do not know anyone who works at Berkshire.  And, I have no special knowledge about this at all.  It is just a pure guess (maybe a… Continue reading

Berkshire Meeting Week: Berkshire CEO After Warren Buffett

I believe the next CEO of Berkshire Hathaway is hiding in plain site.  There is a person that is very obvious, but no one (as far as I have read) has mentioned him as a potential candidate.  Tomorrow, I make my prediction.  Today, I have fun… Continue reading

Make Business Variability Your Friend

Life, nature and business are variable. They rarely travel in straight lines. They are organic. They move up, down, and sideways often on timeframes that you cannot predict or control. Trying to control, manipulate and insulate yourself from these movements can be frustrating and usually… Continue reading