About this source
Warren Buffett's 1989 letter to Berkshire Hathaway shareholders, discussing the company's performance and investment strategy.
Frameworks extracted
15 totalFINmonths
Business Acquisition Criteria
Evaluating potential acquisitions
FINmonths
Risk-Averse Investment Approach
Avoiding leverage
MINDmonths
The Easy Does It Approach
Focusing on simple, obvious solutions
MINDongoing
The Institutional Imperative
Understanding organizational behavior
FINmonths
The Cigar Butt Approach
Buying cheap, selling quick
FINmonths
EBDIT Framework
Ignore depreciation expenses
FINmonths
Zero-Coupon Bond Framework
Borrow without paying
FINmonths
Mathematical Expectation Investment Approach
Optimizing investment returns through mathematical expectation
FINmonths
Float-Based Insurance Strategy
Maximizing insurance float for long-term gains
FINongoing
Risk-Retention Strategy
Retain risk for long-term gains
FINmonths
Capacity-Based Pricing
Price based on capacity
MINDweeks
The Sainted Seven Plus One Framework
A framework for evaluating business performance
FINmonths
Look-Through Earnings Approach
Measure earnings through investees
MINDongoing
Long-Term Investment Strategy
Prioritize quality and patience
FINmonths
Intrinsic Value Calculation
Calculate true business worth