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This sentence is as much pure cow pie as assertions that Berkshire should create a lot of process and bureaucracy in Omaha. The thesis that purchasing a consumer staples brand and being more efficient than the previous owners isn't working. Disruptors were disrupted. That's life.
An assertion that Berkshire's only investing thesis is consumer brands is bonkers.
On bureaucracy Munger has said Berkshire was once subpoenaed for their staff papers on an acquisition. "There weren't any papers. There wasn't any staff,” Munger said. That is core to the system.
On bureaucracy Munger has said Berkshire was once subpoenaed for their staff papers on an acquisition. "There weren't any papers. There wasn't any staff,” Munger said. That is core to the system.
"We have people running the businesses and the main thing is not to destroy or damage their spirit. It’s crazy not to distribute power to people with the most capacity and diligence. We give power to the people who can wield it efficiently in serious games of survival.” C. Munger
