The Truth On Common Sense

Warren Buffett (Age 83) is the CEO and Chairman of Berkshire Hathaway, the fifth largest corporation in America, with $162.5 Billion in Revenue and 300,000 Employees.  Buffett and his long-time Co-Everything, Charlie Munger (Age 90), literally took center-stage at the company’s recent Annual Meeting.  Each year, the pair holds a town hall meeting, at which Investors may ask questions.

The linked article, from NY Times, reveals a little insight into the pair of Octogenarians’ management style, http://dealbook.nytimes.com/2014/05/05/berkshires-radical-strategy-trust/?ref=business.  Given the fact that Buffett is one of the World’s most-renowned investors, and one of the most-admired corporate managers, you might find these revelations truly amazing.

Consider the following:  Berkshire Hathaway does not have a General Counsel to overseas its dozens of subsidiaries, each of which operate autonomously;  there is not a Human Resources (A/K/A Personnel) Department; and there is not a Compliance Officer to follow-up on any other loose details that might…

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  1. cheekos says:

    Besides Buffet’s disdain for micromanagement, it is best not to respond to investment come-ons,. which suggest that someone else buys such and such. I once had a client who wanted nothing else other than our tax-free bonds–in the U.S. She was young and did;’t really need too much of a bond portion in her portfolio. But, she had read that Warren Buffet buys them.

    Several questions to consider: Was he buying them personally, or for one of his myriad of corporations in Berkshire Hathaway? Did he just buy them last week, or some time ago when the markets were different? And, does her Investment Profile (objectives, financial resources, risk-tolerance, etc.) match his? I think not!

    It is a great problem when financial gurus give investment advice, basically through a scatter gun shot, without warning readers that they should consider their own particular circumstances.


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