Letters by TopicLetters Mentioning MastercardLetters from Berkshire's shareholder communications that mention Mastercard.Read the company explainer →2011·The payments duopoly as a study in moatsThe two dominant card networks share a wonderful structure: toll-road economics on a global scale.2017·Volume-driven operating leverageA business that grows with transaction volume and adds almost no cost per extra swipe is a compounding marvel.Explore the companyMastercard is scored across the ValueOS tools. Open its full analysis.🏢 Company