Berkshire Beyond Buffett: The Enduring Value Of Values

by: ValueWalk

By VW Staff

Larry Cunningham, author and editor of The Essays of Warren Buffett: Lessons for Corporate America, is coming out with a new book later this year (H/T to Joe of Value Investing World for the find), check out a short preview of the book below and see our interview with Larry here.

Berkshire Beyond Buffett: The Enduring Value of Values (Columbia Business School Publishing)

Berkshire Hathaway, the $300 billion conglomerate that Warren Buffett built, is among the world's largest and most famous corporations. Yet, for all its power and celebrity, few people understand Berkshire, and many assume it cannot survive without Buffett. This book proves that assumption wrong.
In a comprehensive portrait of the distinct corporate culture that unites and sustains Berkshire's fifty direct subsidiaries, Lawrence A. Cunningham unearths the traits that assure the conglomerate's perpetual prosperity. Riveting stories recount each subsidiary's origins, triumphs, and journey to Berkshire and reveal the strategies managers use to generate economic value from intangible values, such as thrift, integrity, entrepreneurship, autonomy, and a sense of permanence.

Rich with lessons for those wishing to profit from the Berkshire model, this engaging book is a valuable read for entrepreneurs, business owners, managers, and investors, and it makes an important resource for scholars of corporate stewardship. General readers will enjoy learning how an iconoclastic businessman transformed a struggling textile company into a corporate fortress destined to be his lasting legacy.


"How did Warren Buffett build such a great firm as Berkshire Hathaway? To unravel this mystery, Lawrence Cunningham takes a deep dive inside the cultures of Berkshire's subsidiaries, highlighting the value of integrity, kinship, and autonomy - and revealing how building moats around the castles may help the firm outlast its visionary founder."

Adam Grant, Wharton professor and author of Give and Take

"Berkshire's trajectory has been so seamless that Warren's professional transition has gone almost unnoticed. The man who began business life as a precocious 'stock picker' has morphed into chief executive of one of the largest collections of businesses in the world. Larry's book astutely chronicles this development."

From the Foreword by Tom Murphy, former CEO, Capital Cities/ABC

"Lawrence Cunningham was Warren Buffett's pick for cataloging and organizing Berkshire's famous annual reports. Now Cunningham has taken us in a new direction, inside the companies of Berkshire Hathaway. Berkshire Beyond Buffett is an insightful and important book."

Robert Hagstrom, author of The Warren Buffett Way

About the Author

Lawrence A. Cunningham, editor and publisher since 1997 of The Essays of Warren Buffett: Lessons for Corporate America, is the Henry St. George Tucker III Research Professor at George Washington University. Cunningham's dozen books include The AIG Story and How to Think Like Benjamin Graham and Invest Like Warren Buffett. His extensive writings, on a wide range of business and legal topics, appear in leading university journals as well as periodicals such as The Baltimore Sun, The Financial Times, The New York Post, and The New York Times. He lives in New York City with his wife and two daughters.

Book here Berkshire Beyond Buffett: The Enduring Value of Values (Columbia Business School Publishing)

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