Warren Buffett Shareholder Letters

Berkshire Hathaway, 1977 - Present

Warren Buffett's letters to the shareholders of Berkshire Hathaway have come to be regarded as one of the most important and informative bodies of work ever written in the business and investing world. These are an absolute must read if you want to get involved in investing or corporate management. Topics covered throughout the years include investment philosophy, portfolio management, corporate governance, diversification, the limitations of GAAP, employing incremental capital, selecting business managers, compensation policy, share repurchases, stock options, mergers and acquisitions, and the economics of the insurance industry.

The links below will allow you to access the original texts from the Berkshire Hathaway site.

Buffett's Letter 1977
Buffett's Letter 1978
Buffett's Letter 1979
Buffett's Letter 1980
Buffett's Letter 1981
Buffett's Letter 1982
Buffett's Letter 1983
Buffett's Letter 1984
Buffett's Letter 1985
Buffett's Letter 1986
Buffett's Letter 1987
Buffett's Letter 1988
Buffett's Letter 1989
Buffett's Letter 1990
Buffett's Letter 1991
Buffett's Letter 1992
Buffett's Letter 1993
Buffett's Letter 1994
Buffett's Letter 1995
Buffett's Letter 1996
Buffett's Letter 1997
Buffett's Letter 1998
Buffett's Letter 1999
Buffett's Letter 2000
Buffett's Letter 2001
Buffett's Letter 2002
Buffett's Letter 2003

For more information on Mr. Buffett, visit the Warren Buffett section for a biography, timeline, photo gallery and more.