Amazon and Berkshire Hathaway represent contrasting capital-allocation models: Amazon's primary redeployment is internal (spawning new enterprises and ventures), while Berkshire's is external (acquisitions and investments); internal spawning requires high managerial innovation and hit rates but avoids depleting external acquisition targets.
factualpending
Speaker
Manish PabraiEvidence Quote
“in the case of amazon the redeployment of the cash generated is mostly done with internal projects so they basically are spawning new enterprises... in the case of berkshire a lot of it is acquisitions um not that much coming from internal readme”
Source
Virtual Value Investing Q&A Speaker Series Event at Brown University with Mohnish Pabrai— Value Investing Q&A Series Brown UniversityCreated: 8/11/2026, 1:53:00 AM
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