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Warren Buffett on Business: Principles from the Sage of Omaha by Richard J. Connors

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Appendix B. Berkshire Hathaway Inc., An Owner's Manual, Owner-Related Business Principles, January 1999

In June 1996, Berkshire's Chairman, Warren E. Buffett, issued a booklet entitled "An Owner's Manual" to Berkshire's Class A and Class B shareholders. The purpose of the manual was to explain Berkshire's broad economic principles of operation. An updated version is reproduced on this and the following pages.

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