I want to make two points in this post.  The first is on Buffett’s management style and the second on his patience.

First, Buffett’s management skills are amazingly unique.  I don’t think this is well appreciated, although he has demonstrated his approach for over 30 years now.  Here are his comments from Berkshire’s 1979 annual letter:
Your company is run on the principle of centralization of financial decisions at the top (the very top, it might be added), and rather extreme delegation of...

 

Please join here to view this post.  Why Join BHI Members?