Hedge fund billionaire Edward Lampert read all of Warren Buffett's shareholder letters and tried to reverse engineer Berkshire's trades to learn the art of investment. And a plethora of other great investors have raved about the treasures contained in these annual pieces (Buffett has said he would one day like to write a book, but he has actually written it piecemeal over the past several years, in the public domain! Charles Dickens would be proud).
Berkshire Hathaway released its 50th anniversary shareholder letter a few weeks ago. Have , you read it yet? If not, don't procrastinate - here's the PDF:
http://www.berkshirehathaway.com/letters/2014ltr.pdf
At the very least, read Warren's and Charlie's specific thoughts on 50 years at Berkshire at the end. These have been long in the making (this letter was hinted at 25 years ago in the 25th anniversary letter - looking forward to the 75th anniversary letter!)
Here's what Bill Gates has to say about this piece:
https://www.youtube.com/watch?v=RVGVjk1amWE
I would give a CliffNotes version, but this is something that really ought to be taken straight from the horse's mouth. Twitter summaries will do no good here. In future posts, I will highlight salient points of the letters of the previous 50 years, so stay tuned.
Berkshire Hathaway released its 50th anniversary shareholder letter a few weeks ago. Have , you read it yet? If not, don't procrastinate - here's the PDF:
http://www.berkshirehathaway.com/letters/2014ltr.pdf
At the very least, read Warren's and Charlie's specific thoughts on 50 years at Berkshire at the end. These have been long in the making (this letter was hinted at 25 years ago in the 25th anniversary letter - looking forward to the 75th anniversary letter!)
Here's what Bill Gates has to say about this piece:
https://www.youtube.com/watch?v=RVGVjk1amWE
I would give a CliffNotes version, but this is something that really ought to be taken straight from the horse's mouth. Twitter summaries will do no good here. In future posts, I will highlight salient points of the letters of the previous 50 years, so stay tuned.
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