May 2019
Intermediate to advanced
272 pages
6h 39m
English

The only way to control chaos and complexity is to give up some of that control.
—Gyan Nagpal
In his 1979 letter to shareholders, Warren Buffett explained that Berkshire’s financial decisions are acutely centralized at the very top of the organization. Operating authority, he continued, is widely delegated to key managers at the individual company or business unit level. “We could just field a basketball team with our corporate headquarters group,” explained Buffett. The Oracle of Omaha admits that this approach occasionally produces a major mistake that might have been ...
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