10 Things Found In Warren Buffett’s Office

The nondescript office that sits at the end of a long, narrow hallway at Berkshire Hathaway’s Omaha, Nebraska headquarters is understated, to say the least. Neither its size nor its level of decor gives any hint as to its occupant’s identity.

It would be perfectly reasonable to assume it was the domain of a mid-level executive in a generic corporation, yet this is no ordinary office, it is the office of Warren Buffett, the billionaire investor and sometimes richest man in the world.

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Source: sparkfin

Lesson 3: What is a Balance Sheet and Margin of Safety

Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett.

In lesson 3, explore the importance of a Balance Sheet and learn current assets and liabilities as income streams and obligations, respectively; a company will receive or pay during the next 12 months. Also learn the equity of a business as equal to the total assets minus the total liabilities. After determining a company's equity, you can use that important number to determine the margin of safety that's associated with buying a business.