Berkshire Buys File

: Focus only on industries you understand deeply and can explain plainly.

: This is management’s most important job—deciding how to deploy earnings determines long-term shareholder value. Berkshire’s "Buying" Criteria berkshire buys

According to Lawrence Cunningham's compilation and expert reviews , the core "useful" takeaways include: : Focus only on industries you understand deeply

: Be "fearful when others are greedy, and greedy when others are fearful". berkshire buys

As outlined in Charlie Munger's 50th-anniversary essay , Berkshire follows strict rules when acquiring new businesses: Opinion | Warren Buffett: Buy American. I Am.

: Investors should view a stock as a piece of an actual, real-world business, not just a ticker symbol.

: Buy assets significantly below their intrinsic value to minimize risk.