Books Details
Author : Lawrence Cunningham Pages : 184 pages Publisher : Columbia Business
School Publishing Language : ISBN-10 : 0231193904 ISBN-13 : 9780231193900
Books Descriptions
Warren Buffett and his company, Berkshire Hathaway, are legendary for their
distinctive investing approach. Yet many equally unconventional but less well
known aspects of Berkshire's managerial practices and organizational structure
are rich with lessons for those seeking to follow in Buffett's footsteps. Margin of
Trust is the first book to distill Buffett's approach to management and corporate
life. It provides a definitive analysis of the tenets of the Berkshire system, its
costs and benefits, and how it can be adapted for other organizations.Lawrence
A. Cunningham and Stephanie Cuba develop a new account of how Berkshire
Hathaway works, showing that the key to its success is trust. Profiling
partnership practices and business methods, they contend that Berkshire's
distinguishing feature is a culture in which autonomy and decentralization are
core management principles. Cunningham and Cuba provide instructive
examples of how this model has been successfully adapted by other
