Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) bought Borsheim’s Fine Jewelry in 1989. This year, Warren Buffett wrote a fascinating letter about the jewelry business which gives some insight into Buffett’s investment process. This is an important letter, so I’ve reproduced it in full (thought you can read the original here).
A Message from Warren E. BuffettChairman, Berkshire Hathaway Inc.
What You Should Know About the Jewelry Business
You don’t need to understand the economics of a generating . . .
→ Read More: Buffett: What You Should Know About the Jewelry Business ($BRK.A, $BRK.B)
Andrew Ross Sorkin recently wrote a piece for the New York Times discussing Warren Buffett’s management style:
“He picked the chorus line but didn’t attempt to dance.”
That is Warren Buffett’s management style, as described in a biography by Roger Lowenstein. Mr. Buffett delegates; he empowers his executives. Mr. Buffett, the 80-year-old chief executive of Berkshire Hathawayknown as Uncle Warren, has been praised as one of the . . .
→ Read More: Warren Buffett’s Management Style ($BRK.A, $BRK.B)
The Omaha World-Herald recently provided some insight into Warren Buffett’s personal security:
Since Buffett hired him in 1995, Clark has expanded protection to include measures such as security around the investor’s house in 2006.
Clark said he follows his boss’s lead and adjusts to his lifestyle and personality. Buffett is known for not thinking twice about plunging into the swarm of stockholders to shake hands or have a barbecue sandwich.
“We try to make our approach breathable with the . . .
→ Read More: Guarding Warren Buffett ($BRK.A, $BRK.B)
Whitney Tilson and John Heins recently looked at Todd Combs’ portfolio at Castle Point, prior to being scooped up by Berkshire Hathaway:
However, we did take a gander at the latest Form 13F that Castle Point filed with the Securities and Exchange Commission, detailing the firm’s holdings as of September 30. Most of the stocks he held were financials, the five largest of which were U.S. Bancorp (USB), a large Berkshire holding as well; MasterCard (MA); RenaissanceRe (RNR); Chubb (CB); and Western Union . . .
→ Read More: Profile of Buffett successor Todd Combs (BRK.A, BRK.B)
Ajit Jain is Buffett’s insurance guru. He was recently interviewed by The Times of India:
Most reinsurance companies have some presence here. Why has BH stayed away?
We do have one person on the ground, former GIC chairman D Sengupta. In reinsurance unlike Swiss Re and Munich Re, which have a decentralized model, we tend to be very centralized in our decision-making. This gives us the flexibility to take decisions on big risks. There was a time in 2001-03, . . .
→ Read More: The Times of India interviews Berkshire Hathaway’s Ajit Jain (BRK.A, BRK.B)