Warren Buffett, the world’s 4th or 5th richest person, famously writes a Letter to Shareholders each year published around the end of February and featured in May at his annual meeting for shareholders on a farm in Omaha, Nebraska. His company, Berkshire Hathaway, has an amazing long-term record of rewarding long-term shareholders. Buffett is now 92½ years old and nearing his 60th annual go-around with the meeting and shareholder letter.
The letter has a mild cult following and is read by seasoned, experienced investors; younger, newer investors; company CEOs; and anyone who has a few extra minutes for down-to-earth reflections from a billionaire. This year’s letter was far shorter than past years – and thus to the point. Here are a few of the highlights: