Berkshire Hathaway, the $500 billion conglomerate that Warren Buffett
built, is among the world's largest and most famous corporations. Yet,
for all its power and celebrity, few people understand Berkshire, and
many assume it cannot survive without Buffett. This book proves them
wrong.
In a comprehensive portrait of the corporate culture that unites
Berkshire's subsidiaries, Lawrence A. Cunningham unearths the traits
that assure the conglomerate's continued prosperity. Riveting stories of
each subsidiary's origins, triumphs, and journey to Berkshire reveal how
managers generate economic value from intangibles like thrift,
integrity, entrepreneurship, autonomy, and a sense of permanence.
Rich with lessons for those wishing to profit from the Berkshire model,
this engaging book is a valuable read for entrepreneurs, business
owners, managers, family business members, and investors, and it is an
important resource for scholars of corporate stewardship. General
readers will enjoy learning how an iconoclastic businessman transformed
a struggling textile company into a corporate legacy.