What you've described looks more like Amazon's strategy. It's probably more correct to say Google & Facebook are copying Amazon rather than BH. The core of BH

What you've described looks more like Amazon's strategy. It's probably more correct to say Google & Facebook are copying Amazon rather than BH. The core of BH has ~20 employees. Warren Buffet always calls out his subsidiary CEOs for doing a great job, because BH couldn't exist in its current format if he had to manage day-to-day operations in any subsidiary. The steps in Buffet's algorithm are the same, but the emphasis is different. Amazon builds moats and cashflow, while BH buys stable companies that already produce cashflow. BH doesn't need moats, only profit. Amazon, Google, FB need both moats and profit. Buffet's algorithm looks more like: - (1) Identify stable, profitable businesses that WB understands - (2) if they're a good bargain, and it moves the needle on BH stock, buy - (3) goto (1)