Goals at Berkshire Hathaway, Inc.
Long term goals at Berkshire Hathaway are just that, long term goals (Berkshire):
- Maintaining financial position with its excess liquidity, modest near-term obligations, dozens of sources of earnings and cash.
- Widening "moats" around operating businesses for durable competitive advantage
- Acquiring and developing new and varied streams of earnings
- Expanding and nurturing the cadre of outstanding operating managers.
That's the list. Finance. Competitiveness. Earnings. Managers. Not a bad list.
Of course, Warren Buffet still puts in his two cents. At the end of the letter, he exhorts attendees at the shareholders meeting (Berkshire shareholders' meetings have a country fair-like feel. They're held in a big arena with a trade show of Bershire companies in the convention center next door.) to buy lots of stuff made by Berkshire companies. "Make your neighbors jealous." There's a goal.
Reference
Berkshire Hathaway, Inc. To the Shareholders of Berkshire Hathaway Inc.: http://www.berkshirehathaway.com/2008ar/2008ar.pdf