In a brief and small summary please respond the following questions
Who is Warren Buffett, and why should anyone pay attention to him? How successful has he been?
What is the business of Berkshire Hathaway? How would you describe the company's strategy?
Below are the major elements of Buffett's investment philosophy. In your own words, what does each element mean?
Economic reality, not accounting reality
Account for the cost of the lost opportunity
Focus on the time value of money
Focus on wealth creation
Invest on the basis of information and analysis
The alignment of agents and owners is beneficial to firm value
What does the market seem to be saying about Berkshire Hathaway's acquisition of PCP?