Continued from Part 2:
Table 3 describes the third member of the group who formed Buffett Partnership in 1957. The best thing he did was to quit in 1969. Since then, in a sense, Berkshire Hathaway has been a continuation of the partnership in some respects. There is no single index I can give you that I would feel would be a fair test of investment management at Berkshire. But I think that any way you figure it, it has been satisfactory.
About Warren Buffett: http://en.wikipedia.org/wiki/Warren_Buffett
Berkshire Hathaway (which Warren Buffett is the CEO) : http://www.berkshirehathaway.com/
Warren Buffett's Letters to Berkshire Shareholders: http://www.berkshirehathaway.com/letters/letters.html
Berkshire Hathaway's Owner's Manual : http://www.berkshirehathaway.com/ownman.pdf
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