7 Nuggets of University of Berkshire Hathaway (vol.10)
1. If you unvested 1 dollar in 1964, it might be worth 703 dollars.
2. Buy wonderful business.
3. Asset and earning power are two major pillars in value investing.
4. Higher return by business earnings leads to share holder’s earnings.
5. Financial disaster comes about due to stupid decisions of companies.
6. Better insurance solvency system
7. Buffett thought certain area of the Media industry easily turns into mediocre one.