Berkshire Hathaway Letters to Shareholders, 2012 Author: Visit Amazon's Warren Buffett Page | Language: English | ISBN:
1595910778 | Format: EPUB
Berkshire Hathaway Letters to Shareholders, 2012 Description
About the Author
Warren Edward Buffett (born August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. Buffett is the primary shareholder, chairman and CEO of Berkshire Hathaway and consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest person in 2011. In 2012, American magazine Time named Buffett one of the most influential people in the world. Buffett is called the "Wizard of Omaha", "Oracle of Omaha", or the "Sage of Omaha" and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. Buffett is also a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation.
- Paperback: 730 pages
- Publisher: Max Olson; 1 edition (April 25, 2013)
- Language: English
- ISBN-10: 1595910778
- ISBN-13: 978-1595910776
- Product Dimensions: 10.8 x 8.3 x 1.3 inches
- Shipping Weight: 2.4 pounds (View shipping rates and policies)
Warren Buffett is a legend in the investing world. He's been called "The World's Most Successful Investor" for good reason. Currently the world's second richest man, with a net worth exceeding $40 billion dollars, his fortune has been built almost exclusively through business acquisition, both entire companies and equity positions. Buffett started as a disciple of value investing legend Ben Graham, the author of The Intelligent Investor, which Buffett has called the best book on investing ever written. He formed several partnerships in the late 1950's, and in the mid-1960's acquired New England textile manufacturer Berkshire Hathaway (BRK-B). Eventually, he and his partner Charlie Munger morphed Berkshire into an investment vehicle, acquiring excellent businesses like See's Candy and GEICO insurance as well as stock positions in large companies like Coca-Cola (KO) and Gillette (PG), among others.
Every year, Buffett personally pens an annual letter to shareholders in which he reviews Berkshire's results, opines on current events, and drops interesting stories and thoughts that expose his and Munger's incredibly successful investment strategies. The real gems in these annual letters are Buffett's thoughts on business and investing. Max Olson recognized this, and has compiled Buffett's notes and organized parts of them by topic. Berkshire Hathaway Letters to Shareholders is simply that - straight from the hand of Warren Buffett, but organized in a cohesive manner, with wisdom from several years put together by topic.
The result is outstanding. Here are just some nuggets of wisdom, nearly all with real-world examples:
On Choosing Businesses to Invest In: Buffett, in several examples, lays out Berkshire's investment criteria.
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