Acknowledgments ix
Introduction xi
Chapter 1 Shareholders as Partners 1
Chapter 2 Corporate Culture 5
Chapter 3 Corporate Governance 15
Chapter 4 Berkshire Managers 29
Chapter 5 Communication 33
Chapter 6 Acquisition of Nebraska Furniture Mart 43
Chapter 7 Acquisition of GEICO 51
Chapter 8 Acquisition of General Reinsurance 57
Chapter 9 The Assessment and Management of Risk 71
Chapter 10 Executive Compensation 77
Chapter 11 Time Management 83
Chapter 12 How to Manage a Crisis 87
Chapter 13 Management Principles and Practices 99
Chapter 14 Executive Behavior 131
Chapter 15 Mistakes I've Made 141
Chapter 16 Personal Investing 151
Chapter 17 Buffett, the Teacher 165
Chapter 18 Humor and Stories 175
Appendix A A Chronological History
by Warren E. Buffett 181
Appendix B Berkshire Hathaway Inc., An Owner's Manual, Owner-Related Business Principles, January 1999 189
Appendix C Berkshire Hathaway Inc., Code of Business Conduct and Ethics 201
Appendix D July 23, 2008, Memo to Berkshire Hathaway Managers 209
Appendix E Berkshire Hathaway Inc., Corporate Governance Guidelines, as Amended on February 27, 2006 213
Appendix F Intrinsic Value 219
Appendix G The Superinvestors of Graham-and-Doddsville 223
Appendix H Berkshire's Corporate Performance versus the S&P 500 237
Appendix I Berkshire Hathaway Common Stock-Year-End Stock Prices 241
Notes 243
About the Author 259