Archives: Warren Buffett

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A Closer Look at Buffett’s Annual Letter to Berkshire Shareholders     

Every year, investors from Wall Street to Main Street await Berkshire Hathaway Chairman and CEO Warren Buffett’s annual letter to the company’s shareholders, for his commentary on the current business and economic environment, for his investment insights, and for his occasional folksy and humorous observations. In the run-up to the release of this year’s letter, … Continue Reading

Book Review: The Warren Buffett Shareholder

One of the highlights of the yearly business calendar is the annual meeting of Berkshire Hathaway shareholders. Every spring tens of thousands of the Berkshire faithful make the haj to Omaha, to hear the wisdom of Berkshire’s Chairman, Warren Buffett, and his long-standing side-kick and straight man, Charlie Munger. How did this assembly become such … Continue Reading

A Closer Look at Warren Buffett’s Latest Letter to Berkshire Shareholders

The publication of the annual letter of Warren Buffett, Berkshire Hathaway’s legendary Chairman, to the company’s shareholders is a much-anticipated event. Investors and observers value the letter for its comments about investing, the economy, and Buffet’s own outlook for the future, as well as for his occasional doses of humor and worldly wisdom. The 2017 … Continue Reading

A Closer Look at Buffett’s Annual Letter to Berkshire Shareholders

A highly anticipated event in the financial world each year is the release of legendary investor and Berkshire Hathaway Chairman Warren Buffett’s annual letter to the company’s shareholders. Market watchers and other observers value Buffett’s annual letter for its valuable insights about the financial marketplace, as well as for Buffett’s homespun humor and his wise … Continue Reading

Book Review: “Berkshire Beyond Buffett”

What Warren Buffett has accomplished at the head of Berkshire Hathaway is nothing short of astonishing. Not only has he built a massive company, but he has done it while maintaining an unparalleled reputation for business integrity. The man is an American business icon. He is also mortal. Buffett is now 84 years old. The … Continue Reading

A Closer Look at Warren Buffet’s Letter to Berkshire Shareholders

One of the most highly anticipated events in the annual business cycle is the March release of Warren Buffett’s letter to the shareholders of Berkshire Hathaway. Many investors and observers look forward to the letter for the business and investment insights that Berkshire’s Chairman provides, as well as for his plain-spoken style and homespun humor. … Continue Reading

Book Review: “The Essays of Warren Buffett”

Berkshire Hathaway Chairman Warren Buffett is often referred to as the “Sage of Omaha” and is respected for his business insight. But in many ways his reputation for sagacity is simply a by-product of a very basic, company-related project. What Buffett set out to do was to cultivate a certain type of shareholder for Berkshire … Continue Reading

Book Review: “Tap Dancing to Work” — The Latest Buffett Bio

In her authorized 2009 biography of American business icon Warren Buffett, The Snowball,  Alice Schroeder admirably captured how Buffett’s long and successful business career resulted in the accumulation of not only vast wealth, but also of an impressively large and loyal network of close friends. Among Buffett’s buddies is Fortune Magazine’s editor-at- large, Carol Loomis. Loomis not … Continue Reading

A Closer Look at Buffett’s Letter to Berkshire Hathaway Shareholders

The annual letter to Berkshire Hathaway shareholders of Warren Buffett, the company’s Chairman, is anticipated every year as much (or arguably more) for its commentary on the financial world and the economy as it is for its discussion of the company’s performance. This year’s letter (here), released on February 25, 2012, does not disappoint. The … Continue Reading

Berkshire Board Audit Committee: Sokol Violated Policy, Lacked Candor

Berkshire Hathaway’s Audit Committee has determined that David Sokol’s trades in Lubrizol shares prior to Berkshire’s announced acquisition of the company “violated company policies.” It also determined that his “misleadingly incomplete disclosures” to Berkshire management “violated the duty of candor he owed the Company.”  The Audit Committee reported these findings in an April 26 report … Continue Reading

Thoughts About Sokol’s Lubrizol Trades and the Berkshire Derivative Suit

Berkshire Hathaway Chairman Warren Buffett was not exaggerating when he stated at the opening of the company’s March 30, 2011 press release (here) that the release “will be unusual.” Not only did Buffett disclose the resignation of David Sokol as Chairman and CEO of several subsidiaries, but the release also revealed that Sokol had acquired … Continue Reading

A Closer Look at Buffett’s Annual Letter to Berkshire Shareholders

On February 26, 2011, Berkshire Hathaway issued Chairman Warren Buffett’s much-anticipated annual letter to the company’s shareholders (here). Although aficionados of Buffett’s letters will not be disappointed, this year’s letter is largely focused on Berkshire’s performance and has fewer excursions into larger topics than in past years. (Full disclosure: I own BRK.B shares, although not … Continue Reading

A Closer Look at Buffett’s Letter to Berkshire Shareholders

The much-anticipated annual letter to Berkshire Hathaway shareholders of its Chairman Warren Buffett has long been valued for its business insights and occasionally humorous tone. The 2009 version, which was released on Saturday February 27, 2010, and which can be accessed here, is no exception, though the expanding size of Berkshire’s business portfolio has reduced … Continue Reading

A Closer Look at Buffett’s Letter to Berkshire Shareholders

On February 28, 2009, Berkshire Hathaway released (here) the annual letter of its Chairman Warren Buffett, to the company’s shareholders. Like prior editions, this year’s letter contains homey and often humorous aphorisms and thought-provoking observations both about Berkshire and about the business economy as a whole. But, consistent with the fact that 2008 was Berkshire’s … Continue Reading

Reading the New Buffett Bio

When asked at the October 7, 2008 presidential debate whom he would appoint as his Treasury Secretary, John McCain commented that "it’s going to have to be someone that inspires trust and confidence." The first specific name McCain mentioned was that of Warren Buffett, someone, as McCain noted, that has "already weighed in and helped … Continue Reading

Buffett and Banks

According to various news sources (here), Kansas Bankers Surety (KBS, about which refer here), a unit of Berkshire Hathaway, is exiting the business of privately insuring bank deposits beyond the $100,000 limit of the Federal Deposit Insurance Corporation. The September 10, 2008 Wall Street Journal reported (here) that the company is notifying about 1,500 banks … Continue Reading

Buffett, in His Own Words

In May 2003, I was fortunate enough to to attend the Berkshire Hathaway annual meeting in Omaha, Nebraska. (Full disclosure: I attended the meeting because I was then and remain now a Berkshire shareholder.) While at the meeting I struck up a conversation with some other attendees, who turned out to be a group of … Continue Reading

A Closer Look at Buffett’s Shareholders’ Letter

Warren Buffett’s annual letter to Berkshire Hathaway shareholders has become a capitalist cult classic, eagerly awaited each year not only by Berkshire shareholders but also by a broader audience of readers keen to read Buffett’s observations about both his company and the larger business and economic environment. This year’s letter (here), issued after market close … Continue Reading

Houses of Glory, Mansions of Shame: CEOs’ Homes and Corporate Performance

It is now a well-established part of the mythology of American capitalism that Warren Buffett still lives in the same modest brick colonial in Omaha, pictured above, that he bought in 1958 for $31,000. (According to Forbes magazine’s annual survey of billionaires’ houses, here, Buffett’s home had a 2003 tax valuation of $700,000.) Intuitively, we … Continue Reading

A Closer Look At Buffett’s Annual Letter

For years, Warren Buffett’s annual Letter to Berkshire Hathaway shareholders has been a trove of business insight and commercial wisdom, and this year’s letter (here), released on March 1, 2007, is no exception. While the general focus of the letter is a year-end review of the various Berkshire businesses, Buffett still managed to work in … Continue Reading