Berkshire Hathaway Letters to Shareholders

> One of the operating assumptions behind BK's acquisition is that the business does well regardless of management

Is that the case? I am currently reading the collection of Warren Buffets' Annual Letters to the Shareholders (https://www.amazon.com/Berkshire-Hathaway-Letters-Shareholde...) and in every letter, he attributes a significant part of the success of their companies to good management.

Link: https://www.amazon.com/Berkshire-Hathaway-Letters-Shareholde...