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Podcast: Great Books Distilled: Summaries of Bestselling Business and Investing Books
Episode: Trailer: Investor Letter Breakdown - “The Anxieties of Business Change” by Warren Buffett
Description: In 1985, Warren Buffett had to make an incredibly difficult decision. Which was whether to shut down the textile business Berkshire Hathaway — the original business Warren acquired, which was where Berkshire Hathaway got it's name.In today's episode, I break down that decision and why the ultimately closed the business with a summary of Warren Buffett's Annual Letter from 1985.Why cover this?Because it's a fascinating look at how Warren went about making a phenomenally challenging decision — one that was close to his own heart. And I think it offers a lot of insight into...