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Gents and couchy,

done similar reading on Buffet myself.For those looking for a good read--Buffetology(but only the white covered original)The revised and updated one is also reworded, sanitised and useless for educatioanl purposes.
The Snowball is also good listening as an audio book to get to know the man and his life.Best listened to in the car,its looong,but captivating.

Basically it's all leverage and OPM(other peoples money)from insurers he bought,when he couldn't keep adding special partners anymore.
Berkshire Hathaway is the culmination of around 1000 special partnerships,where all returns above an agreed figure were split 25% to Warren as manager from memory.

I spent $100 bucks at the same time on Benjamin Grahams intelligent investor,read it on a flight to Europe a few years ago.Pride of place on the bookshelf although a heavy read.

In the end it's the savantish brain,that buys things like 20%? China petroleum for $200m and sells it for $2BN or there abouts only a couple of years later.

He's proof you only have to be right about half the time as well.It's alright to be wrong,as long as you admit it and make the best of the situation as he has done many times.

DYOR+DYODD