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www.berkshirebeyondbuffett.com www.berkshirebeyondbuffett.com BUFFETT FANS / BERKSHIRE SKEPTICS BERKSHIRE BUILDERS BERKSHIRE OWNERS BERKSHIRE DIRECTORS Guyman W. Buffett Scott H. Buffett Olson Decker Munger Gottesman Murphy Gates Burke Witmer Keough “. Buffett immediately suggested Tom Murphy, a legendary businessman whom Warren said he had tried to model himself after. Warren later added a further explanation: ‘Most of what I’ve learned about management, I learned from Murph. I kick myself, because I should have applied it much earlier.’” Cunningham, Author’s Note “From afar, it may look like Berkshire’s wide-ranging businesses are very different from one another. In fact, as Larry’s book discusses, though they span industries, they are united by certain key values, like managerial autonomy, entrepreneurship, frugality and integrity.” -- Tom Murphy, Foreword Size by Employees > 40,000 BNSF > 30,000 Fruit of the Loom > 20,000 GEICO, McLane, Shaw > 15,000 Marmon, BH Energy > 10,000 Clayton Homes, ISCAR/IMC > 5,000 Forest River, Johns Manville, Lubrizol, Net Jets, Scott Fetzer > 2,500 BH Media, CTB, Flight Safety, Garan, Nebraska Furniture Mart, Richline, TTI > 1,000 Ben Bridge Jeweler and 10 other non-insurance subsidiaries < 1,000 A different 11 non-insurance subs; all insurance subs but GEICO and Gen Re Fortune 500 Level Subs Revenues (billions) Pre-tax Earnings (millions) McLane $45.9 BNSF $5,900 BNSF 22.0 BH Energy 1,800 GEICO 18.5 NICO 1,700 BH Energy 12.7 Marmon Group 1,200 NICO 12.0 Lubrizol 1,200 Marmon Group 7.0 GEICO 1,100 Lubrizol 6.1 McLane 500 Gen Re 5.9 Gen Re 300 Acquisition Size Billion Dollar Acquisitions Million Dollar Acquisitions $44.0 BNSF $835 Fruit of the Loom 22.0 Gen Re 725 Net Jets 9.7 Lubrizol 600 Justin (boots) 9.0 BH Energy 590 XTRA 9.0 Marmon (glom) 585 Dairy Queen 6.0 ISCAR/IMC 467 CORT 2.5+ GEICO 320 Scott Fetzer 2.0 Shaw (carpets) 180 CTB 1.8 Johns Manville 175 R.
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