My family controls a very large legacy stake in Berkshire-Hathaway stock going back some 40 years, and I have a lot of familiarity with his company's management style. Warren-Buffett runs his companies on a LONG TERM basis, not quick fixes for fast gains and big management bonuses that lead to share buybacks replacing organic market performance. Employees are told at the time of hire that they are joining a stable, secure, reliable corporate team that many choose to remain with for their entire career. They are given fair incomes, fair benefits, high corporate ethical standards and many opportunities for career growth as the B-H family of companies expands.
Neither Buffett or Charlie Munger enrich themselves with high-roller perks or salaries. They became wealthy by buying company stock as all employees are encouraged to do. Everything B-H does focuses on one, over-riding principle: make money for our investors who are stockholders. If you ever visit Omaha for the shareholders meeting and show, you will meet hundreds of long term employees that eat, live and breathe Berkshire-Hathaway will a smile on their face and appreciation in their hearts. It is quite the experience.
Fannie Mae and Freddie Mac would be LUCKY if Buffett took a stake in their recap. In my mind, the more the better. And, no, I don't need a history lesson about his prior stake, here, which he has said he regrets because he should have stayed in.
JMO.
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