Letter to BRK shareholders 1985
In a remarkable showcase of strategic foresight and managerial acumen, Berkshire Hathaway's 1985 journey under Warren Buffett’s leadership marked a year of substantial growth and pivotal acquisitions. The highlight was the acquisition of a significant stake in Capital Cities/ABC, a move that not only exemplifies Berkshire's investment in high-quality businesses with exceptional management but also represents a strategic alliance poised to enhance long-term value for Berkshire shareholders. Furthermore, the acquisition of The Scott & Fetzer Company stands out as a testament to Berkshire's investment philosophy, securing a conglomerate known for its diverse, profitable operations and strong management team. Amidst these strategic expansions, Berkshire Hathaway also reported a staggering increase in net worth, underscoring the effectiveness of its carefully curated investment portfolio and its emphasis on acquiring businesses with durable competitive advantages. These strategic moves, aligned with Buffett's investment principles, not only fortified Berkshire Hathaway's market position but also set a robust foundation for future growth, making it a compelling episode for investors and business enthusiasts alike to delve into.