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This episode covers the first 7 business principles of the owner’s manual written by Warren Buffett for Berkshire Hathaway shareholders. The purpose of the manual is to explain Berkshire’s economic principles of operation and the manual is included in every annual letter for new shareholders as a reference to understand the important principles behind how Buffett and Munger run the company. The rest of the 8 principles will be covered in the next episode.
Podcast Website: http://valueinvesting.blubrry.net/
Owner’s Manual: http://www.berkshirehathaway.com/ownman.pdf