Berkshire

Warren Buffett and his company, Berkshire Hathaway, are legendary for their distinctive investing approach. Yet many equally unconventional but less well known aspects of Berkshire's managerial practices and organizational structure are rich with lessons for those seeking to follow in Buffett's footsteps. Margin of Trust is the first book to distill Buffett's approach to management and corporate life. It provides a definitive analysis of the tenets of the Berkshire system, its costs and benefits, and how it can be adapted for other organizations.

Larry Cunningham's new book tells why Berkshire Hathaway will endure as a prosperous company far beyond the Warren Buffett era. First of all, its businesses have been carefully picked for their competitive advantages, their "moats," their "barriers to entry." For example, it would be hard to buy or build a railroad to compete with Berkshire's Burlington Northern. Mostly Berkshire will endure, says Cunningham, because of its culture of integrity, trust, and thrift.

Warren Buffett is a legend primarily for his investment philosophy. He isn’t concerned about the intricacies of the market, but instead focuses on the quality of the companies Berkshire Hathaway stands behind. Yet we know little about the leaders of the companies that Buffett handpicks.