Berkshire Hathaway

[Dod101]

This morning in the US the annual Shareholder’s Letter was released. I do not know how old Buffett is but some years over 90. He has unmistakably written it and it is as entertaining and informative as always. Quite remarkable. I recommend it to anyone to read it!

Dod

Moderator Message:
Moved from Company Share news (LSE Main Market) because that board is only for companies quoted on the LSE Main Market. - Chris

[monabri]

Link

https://www.berkshirehathaway.com/letters/letters.html

Select "2022" for the latest. ( I think I'll peruse some earlier ones as well but not tonight..late night shopping beckons....oh joy! )

[ReformedCharacter]

.. I do not know how old Buffett is but some years over 90. He has unmistakably written it and it is as entertaining and informative as always. Quite remarkable. I recommend it to anyone to read it!

Dod

From the opening bell, we went straight for your wallet. In short order, our See’s kiosk
sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we
promised you longevity. After all, what else but candy from See’s could account for Charlie and
me making it to 99 and 92?

https://www.berkshirehathaway.com/letters/2022ltr.pdf

RC

[Dod101]

‘Don't bail away in a sinking boat if you can swim to one that is seaworthy’. Corny maybe. Quoted by Buffett from Charlie Munger.

Makes a lot of sense to me. No point in hanging around with troubled investment. Get out! I have done that enough times to now hopefully know better.

Dod

[monabri]

"A common belief is that people choose to save when young, expecting thereby to maintain
their living standards after retirement. Any assets that remain at death, this theory says, will usuallybe left to their families or, possibly, to friends and philanthropy"

UK version carries the addendum "philanthropy and the taxman ".