Berkshire Hathaway 2021 Letter to Shareholders

Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks…

Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO.…

I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many…

Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a…