Berkshire Hathaway Letters to Shareholders

Review Berkshire Hathaway Letters to Shareholders

by WARREN BUFFETT 

Description

When Warren Buffett became head of Berkshire Hathaway Inc in 1965, it was just a small textile company. Each share was valued at $18 during that time. Years later, that same share was valued at $306,000, multiplying the value more than 17,000 times.

This book is a compilation of all the letters Warren Buffett has sent each of his shareholders while examining what factors in the letters caused Berkshire Hathaway to succeed as it did. This compilation of letters includes the ones from 1965-1976 that are unavailable on the conglomerate’s website. This book is a case study that looks into the conglomerate’s outstanding success since Warren Buffett sat as head in 1965.

Most of Warren Buffett’s letters to his shareholders as chairman and CEO of Berkshire Hathaway may be available on the internet for free; however, this book is a more efficient and convenient compilation of the letters, including letters not available on the conglomerate’s website. Warren Buffett’s ideas and principles as an investor, evidently seen in his letters, can be considered as gems in today’s market conditions. It’s easy to pick which era of Berkshire’s rise as a conglomerate you want to read because the letters are divided into chapters and labeled in years. You can choose to study how Buffett addressed his shareholders in 1965 when he took over as chairman, or you can choose to read his letters to shareholders in 2019, or you can compare the difference between the two. This book is invaluable simply due to Warren Buffett’s genius as an investor.

About the Author

WARREN BUFFETT is a renowned figure in the financial industry. He is regarded as an investor, philanthropist, and business magnate. He is the CEO, chairman, and primary shareholder of Berkshire Hathaway. He was the 2008 wealthiest person in the world and the third in 2011. He is dubbed as among the most influential people in the world by Time magazine.

Table of Contents

Introduction

Performance Chart

Letters

• Corporate Genealogy
• Goodwill and its Amortization

• Memo to Managers
• Berkshire—Past, Present, and Future, Warren Buffett
• Vice Chairman’s Thoughts—Past and Future

Supplements

• 1951 – The Security I Like Best: GEICO
• 1953 – The Security I Like Best: Western Influence
• 1967 – National Indemnity Purchase
• 1975 – Pensions
• 1978 – Diversified Retailing Merger
• 1980 – Illinois National Bank Spinoff Letter
• 1983 – Nebraska Furniture Mart Purchase Letter
• 2001 – 9/11 Letter to Managers