Saturday, February 27, 2010

The Berkshire Hathaway 2009 Annual Report

Here's the link to the PDF so go get your annual fix of homespun capitalism. Nobody writes 'em like Warren writes 'em and here's just one example of this year's cheese portion:
Long ago, Charlie (Munger) laid out his strongest ambition: “All I want to know is where I’m going to die, so I’ll never go there.” That bit of wisdom was inspired by Jacobi, the great Prussian mathematician, who counseled “Invert, always invert” as an aid to solving difficult problems. (I can report as well that this inversion approach works on a less lofty level: Sing a country song in reverse, and you will quickly recover your car, house and wife.)