The Warren Buffett Way, Second Edition : [PDF Download]

PDF Title:The Warren Buffett Way, Second Edition
Author:Robert G. Hagstrom
Total Page:267 Pages
PDF Size:1.74 MB
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“When considering a new investment or a business acquisition, Buffett looks very hard at the quality of management. He tells us that the companies or stocks Berkshire purchases must be operated by honest and competent managers whom he can admire and trust.

“We do not wish to join with managers who lack admirable qualities,” he says, “no matter how attractive the prospects of their business. We’ve never succeeded in making a good deal with a bad person.”1 When he finds managers he admires, Buffett is generous with his praise.

Year after year, readers of the Chairman’s Letter in Berkshire’s annual reports find Buffett’s warm words about those who manage the various Berkshire companies.”

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