50 Years of Warren Buffett Wisdom, by Bill Gates
J Thoendell stashed this in Business
A lot has been written about Warren in the half-century since he took the reins at Berkshire. But I think the most interesting and insightful stuff is what Warren writes himself. Every year before the annual meeting, he puts together a letter to Berkshire’s shareholders in which he talks very honestly about what’s going well and what isn’t. He also reflects on investing and the economy more broadly. If you want to be as smart about business as Warren is—and who doesn’t?—you can’t beat those letters.
In this year’s letter, Warren takes a special look at the company’s past, present, and future. I cannot recommend it highly enough. It is the best and most important thing he has ever written. Warren’s partner, Charlie Munger, wrote his own letter and it is also excellent.
Wow, Bill Gates has great love for the man:
Warren isn’t just a great friend. He is also an amazing mentor. I have been learning from him since the day we met in 1991. We discuss business, economics, politics, world events, and of course philanthropy—as a trustee of our foundation, he is a fantastic thought partner for Melinda and me.
Two years ago I wrote about three things I have learned from Warren. It boils down to this: He is always encouraging Melinda and me to tackle tough problems and have the courage to make mistakes. Luckily for Berkshire’s shareholders—and for everyone involved with the dozens of businesses in the Berkshire family—Warren follows this wisdom himself. For the better part of 50 years, he has been thinking big, and we are all better off for it.