Warren Buffett’s annual letters to Berkshire Hathaway’s shareholders have a huge following. The letters, written in Buffet’s direct and often humorous style, are closely read by investors, journalists, academics, and others seeking insight into the performance and key trends of markets and of the economy. This year’s letter, published on Saturday, February 24, 2024, as part of Berkshire’s 2023 annual report, is distinguished by its opening tribute to the company’s late Vice Chairman, Charlie Munger, who died in December 2023 at the age of 99. The letter itself covers a number of topics that will be familiar to students of Buffett’s past letters, but it also includes a few interesting (and arguably even surprising) topics as well, as I discuss below. Full disclosure:  I own BRK.B shares, although not as many as I wish I did.Continue Reading Thinking About 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 letter, published on the company’s website on Saturday morning, does not disappoint. This year’s version has much to justify a full reading. The letter also has a long real-life parable for the benefit of ordinary investors hoping to maximize their investment gains. The February 24, 2018 letter can be found here. Full disclosure: I own BRK-B shares, although not nearly as many as I wish I did.
Continue Reading A Closer Look at Warren Buffett’s Latest Letter to Berkshire Shareholders