I understand why everyone cloaked in the Berkshire Hathaway story is dwarfed by Warren Buffett. After all, the man managed to compound wealth at a rate of 20% for half a century by investing (rather than, say, inventing) and he developed an aww-shucks persona (albeit a politically motivated one) that enabled him to relate to the public at a large in a way that many of the socially reclusive and inept money managers of the 20th and 21st century never could.
There are some managers of Berkshire subsidiaries that deserve far more attention than they actually receive, and Rose Blumkin is one of them. Charlie Munger was absolutely correct when he said the average businessmen could learn far more from the Nebraska Furniture Mart founder than by attending MBA classes that preach “twaddle” formulas.
To be fair, Warren Buffett tried to bring Rose Blumkin out of his shadow during his … Read the rest of this article!