Berkshire's Simple Secrets to Success
In the firm's annual letter to shareholders, Warren Buffett and Charlie Munger reflect on Berkshire Hathaway's history and future prospects.
Berkshire Hathaway (BRK.B) released its fourth-quarter results and 2014 annual letter Saturday morning--required (and highly anticipated) reading for value investors and Warren Buffett acolytes the world over.
Morningstar's stock analysts will sort through the earnings release in a separate report. Beyond the business results, Buffett's annual letters also include ruminations on investing and more than a handful of insightful quotes to tide investors over until Berkshire's annual meeting--also known as the Woodstock for Capitalists--which happens the first weekend in May. (Morningstar's Berkshire analyst, Gregg Warren, will be one of the three analysts, in addition to three financial journalists, asking questions at this year's meeting.)
Jason Stipp does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.