Jun 23, Carl Sandberg is currently reading it. A collection of Warren Buffett's eloquently written letters to shareholders of Berkshire Hathaway The first thing that struck me was his level of honesty. Compared to other investors' account of their investment performance that tends to be first and foremost self-congratulatory, Buffett makes a decent attempt giving a more nuanced picture of his investment performance.
The letters provide you with a solid understanding of Buffett's investment philosophy and that alone makes the book A collection of Warren Buffett's eloquently written letters to shareholders of Berkshire Hathaway The letters provide you with a solid understanding of Buffett's investment philosophy and that alone makes the book worthwhile. In addition, you will get a better understanding of accounting and the insurance industry. Fairy tale for a value investor Reading the letters was like reading a comic that comes out in sequels.
Just like a comic, the letters are fascinating to read. A good comic leaves you gasping for more after every chapter. The letters do the same. After every letter, you are keen to know by how much percentage points the co. Every le Fairy tale for a value investor Reading the letters was like reading a comic that comes out in sequels. Every letter ends with AGM details.
After reading about AGMs, you will add it to your bucket list. Nov 27, Mitesh rated it it was amazing. I feel bad I kept postponing reading Oracle of Omaha's letters until now. So much to learn on investing and really gels wells with my investment philosophy. This is a must read for anyone who wants to seriously consider investing in equities. Jan 13, Gutenberg Neto rated it it was amazing.
Nothing better than to learn from the greatest investor of all-time! As expected, each letter discusses the overall performance of BH's business during the year beginning with a focus on the original textile business, and expanding as the years pass to cover dozens of different business, insurance being the most important one , but what's most interestin Nothing better than to learn from the greatest investor of all-time!
As expected, each letter discusses the overall performance of BH's business during the year beginning with a focus on the original textile business, and expanding as the years pass to cover dozens of different business, insurance being the most important one , but what's most interesting is the fact that Buffett also takes time to discuss several other subjects, ranging from lessons about investment to accounting matters. It's incredible how Buffett can teach a masterclass in value investing in just a few paragraphs and it's clear how his investment ideas were sound even several years before he became a millionaire.
As expected from anyone who knows a little about his career, his focus is clear from the beginning: invest in extraordinary companies that have considerable competitive advantages, honest and competent management, and a focus on cost management.
The Highlights of Berkshire Hathaway’s Letter to Shareholders - Investment U
Be rational, avoid trading or speculation, and don't follow tips. Most important of all, don't be afraid of market downswings. If you plan to be a stock buyer for life, you should be happy when you're allowed to purchase portions of excellent companies at discounted prices. These lessons were all available for decades and anyone that followed them at any point in the past mid-century likely achieved good results.
I also find it very reassuring the way that he talks so clearly both about the positive aspects of his company, but also about the negative ones. In a few cases, even in years in which BH achieved very positive results, Buffett still doesn't shy away from highlighting mistakes that were committed and must be avoided in the future. There's a sense of humor and self-deprecating nature to many of his remarks that is a far cry from the general tone employed by most other companies.
The letters start fairly small in size but grow bigger each year, following the increase in size and scope of Berkshire Hathaway itself. Because of that, the book is considerably long and if you decide to read it all at once as I did you'll find some of the year-to-year discussions a little repetitive. This is to be expected, as each letter was originally written to be read with about a year difference, and the overall nature of the business does not usually change that much in this amount of time, but something to be mindful of nonetheless. Overall, I feel like Berkshire Hathaway's letters are a must-read for anyone with even a slight interest in Warren Buffett or value investing, and this book provides an easy-to-access compendium for doing so!
Buffet's letters are not just about Berkshire Hathaway. They go beyond just telling the affairs of one Company. Buffet is one of the rare business leaders who believe in passing on the wisdom that they have acquired over the years to the next generation. He does that through these letters. Though, the letters are really voluminous but the effort to complete the entire bunch is really worth it.
Buffet has shared the thought process that has gone into making various investment decisions and has al Buffet's letters are not just about Berkshire Hathaway. Buffet has shared the thought process that has gone into making various investment decisions and has also tried to educate about the economics of the various industries like Insurance.
One can easily see the shift in his investment philosophy over the years, his focus shifting towards purchase of quality business from cigar-butts. Also visible, is his focus shifting in favour of operating earnings rathers that earnings from equity investments alone. Buffet has also demystified various concepts like Economic earnings vs accounting earnings, his rationale as to when the decisions like stock repurchases make sense, why BH has never distributed dividends.
Reading Buffet's letters is a good starting point that introduces one to this entire field of shareholders letters which is further contributed by the likes of Ray Dalio and Howard Marks , which when thoughtfully written can prove to be a rich source of wisdom for their readers. One word: wow. It took me over 2 years to finish this book with many sabatticals from it but I'm so glad I persevered. The Berkshire journey is in incredible story of rags to riches pun intended , and the crystal clear way in which Buffet takes his shareholders through every step of that journey over 50 years is incredible.
Buffet is a master of business, accounting, investment and PR - and to see his prowess in all 4 disciplines come together in such an easy to understand and personable way One word: wow. Buffet is a master of business, accounting, investment and PR - and to see his prowess in all 4 disciplines come together in such an easy to understand and personable way makes for an enlightening and enjoyable read, which is quite obviously not the norm with annual letters to shareholders. What other book can you read that gives you a decent understanding of so many areas?
Because of Berkshire's diversification strategy you get a basic education on a plethora of industries: textile, insurance, banking, FMCG, utilities - it's all there.
America: Already Great
Underlying the actual industry knowledge share, Buffet takes on something of a mentor role for his shareholders again, great PR and helps the reader avoid the pitfalls of bad investing, bad reporting and bad business practice. This strategy of train and explain means you will leave this book with a wealth of knowledge you never knew you needed. If you choose to read just one book on investing, this is it.
Warren Buffett is the Einstein of investment, a figure so large it towers over any other. These compilation of his letters to shareholders serves as a compendium of his investment principles and how they not only shaped his company but also became sharper through the dull edge of experience. I've read several books on Buffet, from biographies to essays and the collection of his letters is the best distilling of his philosophy you will If you choose to read just one book on investing, this is it.
I've read several books on Buffet, from biographies to essays and the collection of his letters is the best distilling of his philosophy you will find This should be required reading for anyone thinking about managing theirs or other people's money. Jan 08, TJW rated it it was amazing. Incredible book. A textbook for finance, entrepreneurs, business management, and so much more. If you aspire to be great look to great people.
Who else better to teach success than Warren Buffett. His letters to shareholders are unwavering consistent, unfailingly loyal to principles and standards, and kind to all readers and interested persons. Warren Buffett has not just a gift for capital allocation, but down-to-earth demeanor, attractive sense of humor, and uncanny ability to read people. Thi Incredible book. This is an amazing resource and a value beyond calculation.
- 14 things I learned from Warren Buffett’s letter to Berkshire shareholders | The Fifth Person.
- Berkshire Hathaway Letters to Shareholders!
- The Highlights of Berkshire Hathaway’s 2016 Letter to Shareholders.
- Warren Buffett Shareholder Letter, - Business Insider.
Jan 01, Sohil Gupta rated it it was amazing. Warren Buffett is God at understanding capitalism, and dissecting businesses. Corporate Governance, Management Biases, Investment thesis, there is no one in the world that has more breadth of knowledge on Corporate America than Warren. This book will definitely make you 10x better investor. Mar 02, John rated it it was amazing Shelves: finance. Learn from the master. Buffett is as transparent and self-critical as can be. His purpose in delivering his annual reports is "to put the reader in his postion if their roles were reversed.
Warren Buffett’s Shareholder Letters
It's amazing to watch the inexorable growth of Berkshire Hathaway. The report is due tomorrow and I can't wait! Jun 30, Ragavendhra Perumall rated it it was amazing. Business Bible. Not only for investors do business and professionals this is a must read Buffett is a master at making things simple. Brilliant a must read it you want to be an investor This book has it all of you are to read 3 books this has to be in the top three.
Simply the best book on business and investment. I am just 19yrs old and hope to learn more fr Hi what about trading costs. How does that af Hi PY, The maximum capacity of the infligh Hi Avadhesh, You can consider It would be a really long flight to reach Oma I am indian and trading in NSE of india I ori Hi Chin, There isn't a 'best' sector to in Hi Joon, Not every company we cover has to I don't really understand how this kind of co Hi Hendrick, You can consider a Regular Sa Hi David, Thanks for pointing this out. The Fifth Person believes in spreading a message -- that sound investment knowledge, financial literacy, and intelligent money habits can help millions of people around the world achieve financial independence and lead better lives for themselves and their loved ones.
Our company and the knowledge we share here is born of that vision. So take a tour around the site and read our articles. We hope that the good stuff we have here will lead to smarter, more profitable investment decisions for you and the world at large. This information should not and cannot be construed as or relied on and for all intents and purposes does not constitute financial, investment or any other form of advice. Any investment involves the taking of substantial risks, including but not limited to complete loss of capital.
Every investor has different strategies, risk tolerances and time frames.
- Jacob Ryan; Patriot, Medical Miracle, Spy.
- Want to trade FX?;
- Shareholder Letters.
You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Almost done! Select Your Region. Your information is safe and secure with us. Please complete this form and click the button below to subscribe. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone. Berkshire Hathaway always releases the letters on a Saturday morning in late February or early March.
Then, millions of aspiring investors spend days poring over them. If you have time to read through the entire letter, then by all means, do it yourself. Buffett is known as a voice of optimism in the cynical world of Wall Street. The Berkshire chief is well aware of the political risks clouding the current bull market. He was an outspoken opponent of President Trump during the election season.
- Highlights From Warren Buffett’s 2016 Annual Letter.
- Thoughts on Value Investing.
- Warren Buffett's Shareholder Letters - Collection From s Through .
What does Buffett credit for our prosperity? In a word: capitalism. Our editors are inclined to agree with Buffett on this one.