The Microsoft founder can’t stop crying every time he picks up the Oracle’s valedictory 50th-anniversary letter, which has never been equaled in wisdom and beauty in the history of the English language.
Warren Buffett’s new annual letter to Berkshire Hathaway’s shareholders hasn’t received nearly as much attention as it deserves. I wonder if that’s because financial journalists feel like they just can’t write another story about how wise Warren is. Fortunately, I don’t have any such limitation.
I have read all 50 of Warren’s letters and feel this is the most important one he has ever written….
The thing that struck me for the first time in this letter was the value of experience. And not just Warren’s experience—although that is pretty unbelievable, because he has studied so many businesses over the years and knows so much about profitability….
The fact that everyone who cares about business and finance can benefit from his wisdom—just by reading these annual letters—is pretty amazing.
Warren Buffet Just Wrote His Best Annual Letter Ever [GatesNotes: The blog of Bill Gates]