Berkshire 2012 Shareholder Letter - Cliff's Notes Version
This is the thirty-sixth in a series of blog posts that will analyze / summarize Warren Buffett's shareholder letters from 1977-2016. For all of the prior shareholder letters, see here. The 2012 letter weighs in at 13,580 words, a 0.7% increase from 13,480 words the prior year. Berkshire's $23 billion increase in net worth during the year was 14.4% of beginning 2012 net worth. HEINZ INVESTMENT 2012 was notable for Berkshire for Buffett's large investment in Heinz, a deal he o
Berkshire 2011 Shareholder Letter - Cliff's Notes Version
This is the thirty-fifth in a series of blog posts that will analyze / summarize Warren Buffett's shareholder letters from 1977-2016. For all of the prior shareholder letters, see here. The 2011 letter weighs in at 13,480 words, an 8% decrease from 14,660 words the prior year. Berkshire's increase in net worth during the year was 4.6% of beginning 2011 net worth. STOCK MARKET CAGE MATCH: BUFFETT'S TWO MAJOR 2011 INVESTMENTS VERSUS THE S&P 500 Buffett mentions that Berkshire m
