The Compounding Machine

Stephen Wood from New York and mr. Buffett thank you very much for your feedback last August on the book that I'm writing. In studying the most significant value creators of all time it is very evident that the major compounding effect happened later at the later stages of the careers or in Vanderbilt's case even beyond his own career. Your recent investments have suggested to me that you were designing Berkshire to being a steady compounding machine that should continue to create value for a very very long time.