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.