2009 annual letter to shareholders

Ahead for Berkshire Hathaway: Utility-Like Returns?

Warren Buffett’s 2009 Annual Letter Investors who expect Berkshire Hathaway’s future performance to match its historic returns are guaranteed to be disappointed. So who is the author of the above quote (paraphrase actually)? Some money manager or securities analyst trying to making their “bones” with a rare “sell” call on Berkshire Hathaway? (Full disclosure: Berkshire...
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Buffett’s Negotiating Secrets

Berkshire ’09 Annual Letter — Part Two For investors, perhaps the most tantalizing — and useful — part of Warren Buffett’s 2009 letter to shareholders is a little tidbit that’s appended to the end. Actually, it’s a solicitation, addressed to perhaps a few hundred people in the world. Who? People who run or have large...
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Warren Buffett’s Crystal Ball — & Rearview Mirror

Memorable Quotes from Berkshire’s ’09 Annual Letter In 75% of [the last 44 years], the S&P stocks recorded a gain. I would guess that a roughly similar percentage of years will be positive in the next 44. But neither Charlie Munger, my partner in running Berkshire, nor I can predict the winning and losing years...
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