IMO $BRK hasn't created value. It has only stolen value from weak hands. Buffett's big innovation is using your car insurance payments to be a buyer of last resort.
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Don’t you believe that Buffett at least provides a general framework for business conduct that might be useful to the managers of those businesses for maximizing value creation? After all many business founders have sold their co to BRK not because they found themselves in dire
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straits but because they believed that to be part of the BRK family was the right choice. And then they have thrived! Most of the times owners end up doing much worse that that...
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