United States
Warren Buffett
FollowBerkshire's annual letter · long-term equity ritual
Chairman of Berkshire Hathaway. Six decades of compounding capital through wholly-owned operating businesses and a concentrated public-equity portfolio. The annual shareholder letter is required reading for value investors worldwide.
Every entry below is an auto-generated factual summary of a public filing or disclosure. Not investment advice. Verify before acting.
- Berkshire Hathaway Annual Letter to Shareholders 2024Letter· FY2024
Feb 28, 2025
Buffett argues equities beat cash long-term, flags fiscal risk, and reports $47.4B operating earnings with $26.8B in taxes paid.
Original on berkshirehathaway.com ↗ - Berkshire Hathaway Annual Letter to Shareholders 2023Letter· FY2023
Feb 28, 2024
Buffett argues Berkshire's GAAP 'net income' is worse than useless, prefers $37.4B operating earnings as the true measure of business performance.
Original on berkshirehathaway.com ↗ - Berkshire Hathaway Annual Letter to Shareholders 2022Letter· FY2022
Feb 28, 2023
Buffett said Berkshire's 58-year outperformance versus the S&P 500 stemmed from a dozen truly good decisions and the compounding power of retained earnings.