University of Nebraska Omaha
University of Nebraska Omaha, 6001 Dodge St, Omaha, NE 68182, USA

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Event Date Thu Apr 28 EDT (in 3 months)
Location University of Nebraska Omaha
6001 Dodge St, Omaha, NE 68182, USA
Region Americas

This event is an in-depth discussion on the unique culture, principles and methods used by Warren Buffett's conglomerate to become America's 2nd largest company (by sales) over 50 years. Coined by Vice Chairman Charlie Munger, 'the Berkshire System' was outlined by him in a 2015 shareholder letter in celebration of the company's 50th anniversary. To understand the system is to understand Berkshire Hathaway, one of the world's most admired companies. Often copied but never duplicated, these are some of the areas the Summit will explore:

• Extraordinary Capital Allocation: Investing in pieces of companies through the stock market as well as wholly owned subsidiaries using value investment methods; Buying old economy industries; Purchasing with the intention to keep not trade; Focusing on durable competitive advantages; Centralizing capital and reallocating to highest and best use; Being paid (with float) to hold capital to invest

• Unique Corporate Values Culture: Never losing a subsidiary CEO to a competitor; Gold standard of corporate governance; 370,000 employees with only 25 at headquarters; a system of deserved management trust; the buyer of choice; Fort Knox of capital when markets need it most; Employees are always in a position to do the right thing; Well defined management succession plan that is deep within the organization

• Passionate and Talented Managers: A management team assembled over time that prefers work over retirement; Fair manager compensation; Berkshire CEOs selected based on merit not seniority; No retirement required and often discouraged


2022 Speakers

Ron Olson
Managing Partner, Munger, Tolles and Olson; Director, Berkshire

Bill Child
Chairman, RC Willey Home Furnishings

Adrienne Fay
Vice President, Borsheims

Larry Cunningham
Author, Professor, George Washington University

Robert Miles
Executive in Residence, University of Nebraska Omaha, College of Business Administration