Chapter 10: Why Berkshire Is the World's Greatest Conglomerate
The Complete Financial History of Berkshire Hathaway | Adam J. Mead | ISBN: 978-0-85719-912-6
← Prev: Chapter 9 Part 3: Berkshire 2019 | Next: Chapter 11: Berkshire After Buffett →
Capital allocation
Firmwide Risk Aggregation With Copulas and Capital Allocation
Book: Financial Risk Management: Applications in Market, Credit, Asset and Liability Management and Firmwide Risk Authors: Jimmy Skoglund & Wei Chen ISBN: 978-1-119-13551-7
Active Portfolio Management: How Companies Should Allocate Capital Like Investors
From Enterprise Risk Management: From Incentives to Controls by James Lam (ISBN 978-1-118-41361-6)
When Ted Koppel asked Warren Buffett what he does for a living, Buffett paused and said: “I allocate capital.” That one line stuck with me. Lam uses it to open Chapter 7, and it lands because capital allocation is not just an investor thing. Every company does it, whether they realize it or not.
Chapter 3 Part 1: Buffett Takes Control 1965-1969
Title: The Complete Financial History of Berkshire Hathaway
Author: Adam J. Mead
ISBN: 978-0-85719-912-6
Twelve and a half cents changed history.