The Secret Behind Berkshire Hathaway's Success
Farnam Street stashed this in Interesting
Here are three underrated factors that carried the bulk of the weight to creating Berkshire's success. Oddly, I don't think you'll find them on any business school curriculum.
1. Hire good people and let them run their own mini-company.
2. Quickly admit mistakes and scramble out of them.
3. Remove your ignorance by always learning. This formula is simple but not easy.
Let's explore these a little.