!["University of Berkshire Hathaway" [Daniel Pecaut and Corey Wrenn]Investing isn’t about chasing trends. It requires a di...](https://img4.medioq.com/053/008/1311546600530087.jpg)
24/07/2025
"University of Berkshire Hathaway"
[Daniel Pecaut and Corey Wrenn]
Investing isn’t about chasing trends. It requires a disciplined mindset built on buying quality businesses with a margin of safety, fueled by a unique financial engine, and protected by the psychological fortitude to be greedy when others are scared.
It all started with Benjamin Graham’s core idea: treat the market as your servant, not your guide – and always demand a discount to a business’s true value. Charlie Munger added his twist: focus on owning a handful of wonderful, durable companies that generate steady cash. Warren Buffett and Munger supercharged this philosophy with insurance float – a powerful source of low-cost capital they put to work for decades.
Ultimately, this combination of a sound philosophy and a secure financial fortress allowed Berkshire Hathaway to thrive during crises and build a decentralized culture designed to endure long into the future.