Berkshire Hathaway’s Master Plan

The numbers posted by Berkshire Hathaway have not come from some master plan we concocted in 1965. In a general way, we knew then what we hoped to accomplish but had no idea what specific opportunities might make it possible. Today, we remain similarly unstructured: Over time, we expect to improve our figures but have no road map to tell us how that will come about. We can expand the business into any areas we like — our scope is not circumscribed by history, structure or concept.

–Warren Buffett