It’s that time of the year again when Warren Buffett pens his annual letter to Berkshire Hathaway shareholders and the investment world sit ups and takes note of what Buffett has to share. (Buffett has been writing his annual letters since 1965 and you can read many of his past letters here.)
I shared 10 things I learned from Buffett’s 2015 annual letter the previous year and, this year, Buffett has once again dropped his usual nuggets of wisdom and one-liners as he reveals his thoughts about the continued running and growth of Berkshire Hathaway.
So here are 14 things I learned from Warren Buffett’s 2016 annual letter to Berkshire shareholders.
- Berkshire’s per-share market value has grown 1,972,595% since 1965. Its per-share book value has grown 884,319% over the same period. The reason why Berkshire’s book value lags its market value is due accounting rules that write off …