Berkshire Hathaway Letters to Shareholders Author: Warren Buffett | Language: English | ISBN:
B00DUM1W3E | Format: EPUB
Berkshire Hathaway Letters to Shareholders Description
Warren E. Buffett first took control of Berkshire Hathaway Inc., a small textile company, in April of 1965. A share changed hands for around $18 at the time. Forty-eight letters to shareholders later, the same share traded for $134,060, compounding investor capital at just under 21% per year -- a multiplier of 7,448 times.
This book compiles the full, un-edited versions of every one of Warren Buffett's letters to the shareholders from 1965 to 2012 (706 pages), including 1965-1976 letters not available on Berkshire's website. In addition to providing an astounding case study on Berkshire's success, Buffett shows an incredible willingness to share his methods and act as a teacher to his many students.
There are hundreds of books about Buffett's life, advice, and methods. These are his actual letters -- word for word -- a "lesson plan" of his views on business and investing. You can find most of the letters for free on Berkshire's website, but this compiles them into a well-designed, easily readable format.
- File Size: 6939 KB
- Print Length: 730 pages
- Simultaneous Device Usage: Unlimited
- Publisher: Max Olson; 1 edition (April 25, 2013)
- Sold by: Amazon Digital Services, Inc.
- Language: English
- ASIN: B00DUM1W3E
- Text-to-Speech: Enabled
X-Ray:
- Lending: Enabled
- Amazon Best Sellers Rank: #3,347 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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- #1
in Books > Education & Reference > Encyclopedias > Business - #2
in Kindle Store > Kindle eBooks > Business & Money > Education & Reference - #4
in Kindle Store > Kindle eBooks > Nonfiction > Professional & Technical > Accounting & Finance > Finance
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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