Berkshire Beyond Buffett

Lawrence A. Cunningham, editor and publisher since 1997 of The Essays of Warren Buffett: Lessons for Corporate America, is the Henry St. George Tucker III Research Professor at George Washington University. Cunningham's dozen books include The AIG Story (with Maurice R. Greenberg) and How to Think Like Benjamin Graham and Invest Like Warren Buffett. His extensive writings on a wide range of business and legal topics appear in leading university journals as well as in such periodicals as the Baltimore Sun, the Financial Times, the New York Post, and the New York Times. He lives in New York City with his wife and two daughters.

Cunningham is a writer and scholar well known to the Berkshire Hathaway faithful, and he was Warren Buffett's pick for cataloging and organizing Berkshire's famous annual reports. Now he has taken us in a new direction, directly into the purchases of companies made by Buffett. An insightful and important book. -- Robert Hagstrom, author of The Warren Buffett Way How did Warren Buffett build such a great firm? To unravel this mystery, Cunningham takes a deep dive inside the culture of Berkshire Hathaway's subsidiaries, highlighting the values of integrity, kinship, and autonomy-and revealing how building moats around the castles may help the firm outlast its visionary founder. -- Adam Grant, Wharton School of the University of Pennsylvania, author of Give and Take: A Revolutionary Approach to Success Berkshire Hathaway's trajectory has been so seamless that Warren Buffett's professional transition has gone almost unnoticed. The man who began his business life as a precocious 'stock picker' has morphed into the chief executive of one of the largest collections of businesses in the world. Lawrence A. Cunningham's book astutely chronicles this development. -- From the foreword by Tom Murphy, Berkshire Hathaway director and former CEO of ABC, Inc. An absolute must-read for advisors... this book is one of the great chronicles of corporate history...[an] excpetional volume. [Ranked sixth best book of the year] Financial Advisor A timely contribution to a swelling debate... an encyclopedic history of the group's operating businesses. Financial Times A detailed study of Berkshire's portfolio and an intriguing profile of the Sage of Omaha's approach to management, not just investment. The Times Important, insightful, and clearly written... a major contribution to the management literature, this book should be read by managers of all organizations, business professors and students, business owners, and investors. Choice There is much to learn from Mr. Cunningham's stories about the companies that Berkshire Hathaway owns. The Economist If you're fascinated with growth strategies, you'll find few books more valuable. Independent Agent A worthy read. Strategy+Business

• Foreword Preface Acknowledgments Introduction Part One 1. Origins 2. Diversity 3. Culture Part Two 4. Budget-conscious and Earnest 5. Reputation 6. Kinship 7. Self-starters 8. Hands-off 9. Investor Savvy 10. Rudimentary 11. Eternal 12. All One 13. Berkshire's Portfolio Part Three 14. Succession 15. Challenges 16. B.E.R.K.S.H.I.R.E. Epilogue Appendix Notes Selected Bibliography Index