Explore the realm of financial acumen with Warren E. Buffett as he delves into the 1986 annual performance of Berkshire Hathaway Inc., revealing a remarkable 26.1% gain in net worth. This episode offers an exclusive walkthrough of the company's strategic maneuvers, led by Buffett's unparalleled investment philosophy and managerial insights. From dissecting the nuances of intrinsic business value versus book value to scrutinizing the performance of major operating businesses and addressing the impacts of the Tax Reform Act of 1986, Buffett shares the wisdom behind Berkshire's sustained success. Join us to uncover the principles that have propelled Berkshire Hathaway's growth over the past 22 years under Buffett's stewardship, and learn how these insights can illuminate the path for aspiring investors and business leaders alike. Subscribe to gain access to invaluable lessons from one of the greatest investors of our time.