Berkshire's Culture Accounts

Berkshire's flexibility and respect to capital allocation has accounted for much of our progress. Having managers who love their businesses is no small advantage, says Warren Buffett. At Berkshire's world headquarters, annual rent is $270,212; home office investment: $301,363. In 1986, I purchased a 400 acre farm located 50 miles north of Omaha from the FEIC. It cost me $280,000 considerably less than what failed bank had lent against the farm earlier.