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Owner's Manual
2024 Edition
Berkshire Hathaway Owner's Manual
A concise guide to Berkshire Hathaway's business principles, philosophy, and what it means to be a shareholder.
What is the Owner's Manual?
Warren Buffett's essential guide for shareholders, outlining the company's core values and approach to business.
- Long-term partnership mindset
- Decentralized management structure
- Focus on intrinsic value, not short-term stock price
- Disciplined capital allocation
- Transparent and candid communication
Business Simplicity
We only invest in businesses we understand.
Quality Management
Our managers are exceptional and act like owners.
Shareholder Alignment
We treat shareholders as partners, not just investors.
Download the Full Owner's Manual
Read the complete manual for a deeper understanding of Berkshire's philosophy.