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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: Shane M who wrote (4503)	12/14/2015 3:43:02 PM
From: IndependentValue	Respond to of 4691

Hi Shane, thanks for your response. Can you recall where in the Snowball (page?) - have scanned a few times and can't seem to find it! Thanks

To: Shane M who wrote (4503)	12/15/2015 9:29:15 PM
From: Shane M	Read Replies (1) \| Respond to of 4691

I found a bit that it was Tom Murphy who characterized Buffett's management style as "delegat[ion] to the point of abdication" per Snowball. books.google.com Here's an interview with Alice Shroeder (author of Snowball) where she talks about he interactions of Buffett with managers: simoleonsense.com quote: His interaction with managers is minimal. Some of them call him regularly, but he’s not kidding when he says that others, he speaks to maybe a couple of times a year, or they communicate in writing. He responds if they call him. He almost never calls them. If they call him he’ll be very agreeable and talk but he keeps the conversation quite short. When they do call, he acts as a sounding board. The one thing he controls is capital decisions. But anything else, it’s pretty much up to them. He is a very good listener who gives excellent advice, and he’s also pretty firm about not giving unasked advice. The managers vary in their desire (for asking for advice). The ones that do ask use words like “invaluable” to describe his advice. Sorry, I can't find a particular book reference, but I think I recall reading it somewhere.