“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-two letters to shareholders later, the same share traded for $244,121, compounding investor capital at just over 20% per year—a multiplier of 13,562 times.
This book compiles the full, un-edited versions of every one of Warren Buffett’s letters to the shareholders from 1965 to 2016, including 1965–1976 letters not available on Berkshire’s website. 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.
There are hundreds of books about Buffett’s life, advice, and methods. These are his actual letters—word for word—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.”
New Books Playground says: Berkshire Hathaway Letters to Shareholders is one of the best “books” we have ever read about investing (and we changed our strategy over it).