Some of the best business advice can be found in the annual letters written by Buffett and Charlie Munger for the shareholders of Berkshire Hathaway. These letters don’t receive nearly the attention that they deserve.

The 2014 letter might be the most important of all as it is really four letters in one. The first part is the usual look at Berkshire’s performance in 2014. Second, the acknowledgement of the 50th anniversary of Warren Buffett buying Berkshire and there is also a separate section where he goes through the history of his leadership. Finally, his colleague Charlie Munger writes his own look at the company, which is also excellent.

I highly recommend that you read the 2014 letter. It is an interesting read even for people who have no interest in reading annual reports or know anything about Berkshire.


The chairman of a Chinese company that develops online games has agreed to pay $2,345,678 for a private lunch with billionaire investor Warren Buffett, winning a charity auction.

This year’s auction was the 16th to benefit the Glide Foundation, a nonprofit in San Francisco’s Tenderloin district that provides food, health care, rehabilitation and other services to the poor and homeless.

Buffett, 84, will talk about almost anything, including philanthropy and life, but not what he is buying and selling.

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