Read and consider the letter of introduction (page 2-15) to the 2018 Annual Report of Berkshire Hathaway. In it, Warren Buffett, Chairman and CEO, describes his philosophy in building and managing the company over the past 56 years. He talks of his 'grove of trees' and how each tree is managed differently to add value to the grove. He then discusses 'float' which makes it all possible. 

Answer the following questions and add your own thoughts on Buffett's introduction.

• How does Berkshire Hathaway add value?
• Compare General Mills financial strategy to that of Berkshire Hathaway. What are the differences and why?

Answer rating: 100% (QA)

Berkshire Hathaways strategy for adding value is to buy companies that have a durable competitive advantage and to hold them for the long term The com... View the full answer