The release of Warren Buffett’s annual letter to shareholders is one of the most important events of the year for value investors. This year, the significance of the letter is accentuated by the fact that fifty years have passed since
In Berkshire Beyond Buffett, George Washington University Professor Lawrence Cunningham paints a compelling portrait of Berkshire’s culture that demonstrates how Mr. Buffett’s skills as a manager have been key to the company’s growth over the past two decades. Read this review for more details.
In a press release issued this afternoon, Berkshire Hathaway Chairman and CEO Warren Buffett announced the resignation of David Sokol. Mr. Sokol served as Chairman of several Berkshire subsidiaries and many observers, including The Rational Walk, previously believed that he was the front runner to eventually assume the CEO position at Berkshire Hathaway. Read this article for our views on the resignation.
The Times of India has published a rare interview with Ajit Jain which coincides with Warren Buffett’s arrival in Bangalore today. Mr. Buffett’s trip to India coincides with the company’s entry into the Indian auto insurance industry through Berkshireinsurance.com, a majority owned subsidiary that has a direct sales strategy similar to Berkshire’s GEICO division. Read this article for more details.
Alice Schroeder, author of The Snowball: Warren Buffett and the Business of Life, has written an op-ed article for The Financial Times ahead of Saturday’s release of Berkshire Hathaway’s annual report. In the article, Ms. Schroeder urges Warren Buffett to provide shareholders with more transparency regarding succession issues at Berkshire and cites the situation at Apple to bolster the case for additional disclosure. Read this article for our thoughts on Ms. Schroeder’s op-ed.