About the Book
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. Fifty letters to shareholders later, the same share traded for $226,000, compounding investor capital at just under 21% per year-a multiplier of 12,556 times.
This book compiles 50 years of Warren Buffett’s letters to the shareholders of Berkshire Hathaway. 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.
It’s been claimed by many that you’ll learn more reading these letters than getting an MBA. There are hundreds of books about Buffett’s life, advice, and methods. These are his actual words; 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.
Features of the book:
- Berkshire Hathaway annual shareholder letters from 1965 to 2014 (769 pages), including the 11 earliest letters not available on Berkshire’s website
- Tabulated letter years so you can easily flip to the desired letter
- Topics index
- Company index
- Person index
- Charts of:
- The growth in Berkshire’s book value and market price relative to benchmarks
- Insurance float and performance (see below)
- The operating businesses of Berkshire
50 Years of Berkshire Print
About the Editor
My name is Max Olson. I've been investing most of my life and have managed money professionally for 9 years. Buffett's philosophies have had a huge impact on how I run my businesses and live my life. I put this compilation together as a thanks to his positive influence on myself and many, many others.