10 Key Takeaways from Warren Buffett's Latest Shareholder Letter

The long term play

We have written extensively about Warren Buffett because he exemplifies long-term thinking and clarity of purpose. His yearly letter to shareholders is a must-read for all business enthusiasts. In addition to lessons on investing, you will enjoy his insights on life and work.

Recently he lost his friend and business partner, Charlie Munger. This is how he remembers him:

"Charlie never sought to take credit for his role as creator but instead let me take the bows and receive the accolades. In a way, his relationship with me was part older brother, part loving father. Even when he knew he was right, he gave me the reins, and when I blundered he never – never – reminded me of my mistake."

If this quote moved you, you may enjoy reading this article and this edition of our newsletter.

Now let’s get to his latest letter to the shareholders.