Investment Master: The Management Secrets of Warren Buffett

Author: Robert P. Miles (USA), translated by Xu Linhai
Translator: Xu Linhai
Publisher:
Publishing Date: 2003-01-01
Features: "The Management Secrets of Investment Master Warren Buffett" reveals the history of Berkshire Hathaway subsidiaries and explains how the different management styles of the subsidiary managers blend with Buffett's management style. Bestselling author Robert P. Miles describes in detail the excitement these CEOs feel about the financial and managerial benefits of joining Berkshire Hathaway, illustrates the traditional investment characteristics of Buffett with examples, and introduces the intrinsic reasons behind Buffett's preference for acquiring fully managed companies outright. Through interviews with these top managers of Berkshire subsidiaries, you can learn about the company's approach to internal succession issues within Berkshire Hathaway, as well as how these managers achieve high returns year after year under Buffett's guidance. Warren Buffett and Berkshire Hathaway's success is a legend. If you want to uncover the secrets behind this success, you must delve into Berkshire Hathaway's unique management model. "The Management Secrets of Investment Master Warren Buffett" reveals the company's intrinsic qualities and provides, for the first time, personal insights from nearly 20 operating managers of Berkshire Hathaway subsidiaries. This book fully showcases Buffett's management talent. Importantly, it also offers answers to the following two questions: Who might Buffett appoint as his successor? What changes might Berkshire Hathaway's management structure undergo after Buffett's departure?
The book begins by introducing the foundation of this powerful holding company—the insurance industry. At Berkshire Hathaway's insurance division, Ajit Jain leads with just 15 employees. Ajit Jain discusses his extensive experience and the management skills he inherited from Buffett. Lou Simpson, CEO of GEICO Insurance, and Tony Nerseri, CEO of GEICO Insurance, introduce their management of 18,000 employees and the company's $2.5 billion in securities assets. The company has also established a management model that Berkshire Hathaway is likely to adopt after Buffett's retirement—where one CEO manages operations and another manages investments.
The content discussed in this book is extensive, including valuable interviews with Berkshire Hathaway CEOs, which reveal the management secrets of Berkshire Hathaway: a love for the company, not for money, and an inheritance policy that does not abandon personal principles.