“Investors who evaluate Berkshire sometimes obsess on the details of our many and diverse businesses – our economic “trees,” so to speak. Analysis of that type can be mind-numbing, given that we own a vast array of specimens, ranging from twigs to redwoods. A few of our trees are diseased and unlikely to be around a decade from now. Many others, though, are destined to grow in size and beauty. Fortunately, it’s not necessary to evaluate each tree individually to make a rough estimate of Berkshire’s intrinsic business value.”
Our purpose is to build great companies, while providing opportunities for our people to grow, make a positive contribution to society and deliver superior returns to our investors.
Great companies perform to the highest standards, seek renewal and change, are distinctive in what they do, and act responsibly.
To build a great company we appoint leaders who walk the talk and foster a culture with clarity of purpose and shared values. We also define a governance that ensures alignment of culture and actions.
To achieve this, we remain true to our values of:
1. Ambition & Humility: We set high aspirations but remain grounded.
2. Curiosity & Focus: We seek new ideas while prioritising what matters.
3. Patience & Drive: We take a long-term perspective but are relentless in getting things done.
4. Courage & Responsibility: We take bold actions while being mindful of their consequences.