Warren Buffett’s Shareholder Letters

Warren Buffett’s Shareholder Letters from the 1950s (including non Berkshire entities) to the latest release from Berkshire Hathaway

Here you can find a list of all Warren Buffett‘s shareholder letters. In addition, below are the letters Warren Buffett wrote to partners of the Buffett Partnership Ltd., which the Oracle of Omaha ran before taking over the day-to-day running of Berkshire Hathaway.

Last updated: 2/25/2020

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Referred to as the "Sage" or "Oracle" of Omaha, Warren Buffett is widely viewed as one of the most successful investors in history. Buffett’s Berkshire Hathaway conglomerate is one of America’s largest companies and has dozens of subsidiaries, including in railroads, insurance, and energy, Berkshire Hathaway posted $182 billion in 2013 revenue and $19.5 billion in net income. Buffett moved to 3rd richest on Forbes' 2015 list of the world's richest, up 4th richest in 2014 but he is still inking big deals, Buffett's Berkshire Hathaway bought battery maker Duracell from Procter & Gamble in November 2014 for $4.7 billion.

A generous philanthropist, he bested his own giving record in July 2014, giving away Berkshire shares worth $2.8 billion, primarily to the Bill & Melinda Gates Foundation but also to his children's foundations, bringing his lifetime giving to nearly $23 billion. Buffett says his best investment was buying Benjamin Graham's book "The Intelligent Investor" in 1949. He later studied under Graham before moving home to Nebraska and acquiring a struggling textiles company in 1962, Berkshire Hathaway. In early February 2015, it was the fourth most valuable public company in the U.S. with a market capitalization of $355 billion.

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Consolidated and Condensed Letters to Berkshire Hathaway Shareholders, 1977-2016


Washington Post letters

Warren Buffett's Partnership Letters


Warren Buffett's Shareholder Letters: Berkshire Hathaway Inc.

Warren Buffett's Shareholder Letters