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A few months ago I was asked to write a chapter for a book being put together by Lawrence Cunningham and Stephanie Cuba called The Warren Buffett Shareholders. I was too busy at the time to do the writing (pity really, because the Bookworm store at the Berkshire AGM sold a lots of them – the book is doing very well around the world).
Anyway, I read the book on the plane over to Omaha and thought there were some snippets that you might enjoy:
“Berkshire shareholders are a society bound together by common values of learning, integrity, innovation and community…Berkshire culture continues to inspire intellectual debate.” (Preface)
Buffett wrote (2014 letter) that the Annual Meeting is “Designed with an eye to reinforcing the Berkshire culture, and making it one that will repel and expel managers of a different bent. The culture grows stronger every year.” (Preface)
“When Justin Fong, a 14-year-old shareholder from California, asks for advice on succeeding in life, Buffett and Munger don’t mince words. ‘Hang out with people whose behaviour is better than yours, and then you’ll drift in the right direction,’ says Buffett. ‘If this gives you a little temporary unpopularity with your peer group’ adds Munger dryly, ‘the hell with them.’” (Jason Zweig chapter)………………
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