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Berkshire Beyond Buffett
Book

Berkshire Beyond Buffett

The Enduring Value of Values

Lawrence A. Cunningham
Columbia UP, 2014

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Editorial Rating

7

Qualities

  • Comprehensive
  • Background

Recommendation

Lawrence A. Cunningham cheers for Warren Buffett and Berkshire Hathaway in a book that perhaps should have been a magazine article. He explains that Berkshire founders stuck with core values and principles, and created a strong culture that should survive the passing of Buffett and even his successors. Those seeking secrets to Berkshire and Buffett’s success will get what they need from the introduction and the final chapter, and can skip the detailed history of Berkshire’s acquisitions. Though never is heard a discouraging word, getAbstract recommends this near-hagiography to investors and leaders who want to dive deeper into Buffett’s thoughts and the company’s history.

Take-Aways

  • Berkshire Hathaway, Warren Buffett’s umbrella holding company, has endured because its stakeholders revere its values and culture.
  • Shareholders keep their shares for decades though it hasn’t paid dividends since 1967.
  • Berkshire buys for the long term; it chooses well-run firms in core industries, keeps management in place and stays out of running the business.

About the Author

Lawrence A. Cunningham, a professor at George Washington University, is an academic expert on Warren Buffett and Berkshire Hathaway.

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