Berkshire Hathaway 2022 Letter to Shareholders

Charlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually…

Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and…

One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s…

Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at…