Warren Buffett Shareholder Letters to Berkshire Hathaway Stockholders

A Directory of Berkshire Hathaway Shareholder Letters 1977 - 2014

Warren Buffett Shareholder Letters to Berkshire Hathaway Stockholders
Warren Buffett's shareholder letters to his fellow Berkshire Hathaway stockholders have become some of the most studied documents in the history of corporate finance for good reason. Here's your chance to read them yourself.. Getty Images News

Warren Buffett's letters to the shareholders of Berkshire Hathaway, his holding company, 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. By reading them, you can trace the evolution of his firm from a relatively small, insignificant business to one of the world's premier corporations with ownership in nearly every sector of the global economy.


What's in the Berkshire Hathaway Letters to Shareholders

Topics covered in Warren Buffett's shareholder letters 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.

While Buffett took over as Chairman of Berkshire Hathaway in 1965 at 35 years old, the shareholder letters between that time and 1976 were largely statistical recaps of the operating results of the textile mills. The legendary investor had not yet fully begun to transform the enterprise into its present conglomerate form.

Archive of Warren Buffet's Berkshire Hathaway Letters

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

Years 1977-2003 are archived in HTML format, while years 2004-2014 are available in Adobe PDF format.

Buffett's Letter 1977 - HTML
Buffett's Letter 1978 - HTML
Buffett's Letter 1979 - HTML
Buffett's Letter 1980 - HTML
Buffett's Letter 1981 - HTML
Buffett's Letter 1982 - HTML
Buffett's Letter 1983 - HTML
Buffett's Letter 1984 - HTML
Buffett's Letter 1985 - HTML
Buffett's Letter 1986 - HTML
Buffett's Letter 1987 - HTML
Buffett's Letter 1988 - HTML
Buffett's Letter 1989 - HTML
Buffett's Letter 1990 - HTML
Buffett's Letter 1991 - HTML
Buffett's Letter 1992 - HTML
Buffett's Letter 1993 - HTML
Buffett's Letter 1994 - HTML
Buffett's Letter 1995 - HTML
Buffett's Letter 1996 - HTML
Buffett's Letter 1997 - HTML
Buffett's Letter 1998 - HTML
Buffett's Letter 1999 - HTML
Buffett's Letter 2000 - HTML
Buffett's Letter 2001 - HTML
Buffett's Letter 2002 - HTML
Buffett's Letter 2003 - HTML
Buffett's Letter 2004 - PDF
Buffett's Letter 2005 - PDF
Buffett's Letter 2006 - PDF
Buffett's Letter 2007 - PDF
Buffett's Letter 2008 - PDF
Buffett's Letter 2009 - PDF
Buffett's Letter 2010 - PDF
Buffett's Letter 2011 - PDF
Buffett's Letter 2012 - PDF
Buffett's Letter 2013 - PDF
Buffett's Letter 2014 - PDF

If you prefer a printed version of Buffett's shareholder letters, a new compendium has been published in book format. It's available from Amazon and other online booksellers.

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

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