7 Nuggets of University of Berkshire Hathaway (vol.12)

1. Buffett thought Berkshire has competitive advantage.

2. Finding a manager is difficult but essential.

3. Compensate the managers based on their performances.

4. The other job of Buffett was allocating capital.

5. How to evaluate a business?

6. The price of the share of Berkshire reflects its value.

7. Buffet Praised Helzberg is just sort of a talented highly integrited operator of Berkshire.