Berkshire Hathaway Letters To Shareholders: 1965 - 2014

Warren E. Buffett first took control of Berkshire Hathaway Inc., a small textile company, in April 1965. A share changed hands for around $18 at the time. Fifty letters to shareholders later, the same share traded for $226,000, compounding investor capital at just under 21% per year - a multiplier of 12,556 times. This book compiles the full, unedited versions of 50 years of Warren Buffett's letters to the shareholders of Berkshire Hathaway. 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. The letters can be found for free on Berkshire's website, but this book compiles them into a well-designed, easily readable format. The features of the book include 50 years of Warren Buffett's letters to the shareholders of Berkshire Hathaway, which spans 769 pages and includes letters from 1965-1976 that are not available on Berkshire's website. The book also includes tabulated letter years, allowing readers to easily flip to the desired letter, as well as a topics index, company index, and person index. Additionally, the book features charts of growth in Berkshire's book value and market price relative to benchmarks, insurance float and performance, and the operating businesses of Berkshire.