As always, Warren Buffett has woven some gems into his folksy discussion of Berkshire’s past year and crazy half-century of success.
This year’s letter includes:
- A body-slam of Wall Street CEOs who refuse to accept any responsibility for the huge risks that destroyed their firms
- The requisite story of a boneheaded mistake Warren made this year (charming and hardly boneheaded, as always)
- Advice for companies that actually want to get good advice from Wall Street
- An explanation of why CEOs are eager to overpay for acquisitions
- An explanation of how our government’s screwy housing policies are hammering some housing consumers and one of Berkshire’s companies
- An explanation of why Warren focuses on book value instead of his share price as a measure of his success
- Highlights of what you’ll be able to do at the Annual Meeting.
Let’s get right to it >
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