Warren Buffett’s 1977 Letter to Berkshire Shareholders – Animated

Warren Buffett’s 1977 Letter to Berkshire Shareholders – Animated
By Mark Hirschey (Work of Mark Hirschey) [CC BY-SA 2.0], via Wikimedia Commons

Get The Full Warren Buffett Series in PDF

Get the entire 10-part series on Warren Buffett in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

This is Warren's first letter to Berkshire Hathaway shareholders.

Right from the off, he drops a few gems.

Carlson Capital’s Double Black Diamond Fund Posts 3.3% Return In August

Eurekahedge Hedge Fund Index invest Value InvestingCarlson Capital's Double Black Diamond Fund posted a return of 3.3% net of fees in August, according to a copy of the fund's letter, which ValueWalk has been able to review. Q3 2021 hedge fund letters, conferences and more Following this performance, for the year to the end of August, the fund has produced a Read More

"Most companies define “record” earnings as a new high in  earnings per share. Since businesses customarily add from year  to year to their equity base, we find nothing particularly  noteworthy in a management performance combining, say, a 10%  increase in equity capital and a 5% increase in earnings per  share. After all, even a totally dormant savings account will  produce steadily rising interest earnings each year because of  compounding"

Updated on

No posts to display