It's the most famous letter in the investing world. Every year Berkshire Hathaway (NYSE: BRK-B) chairman and CEO Warren Buffett pens a letter to shareholders detailing what happened to the company and the stock the year before - as well as his outlook on what's ahead. (You can read the letter for every year going back to 1977 here.) I highly recommend you read the latest 16-page missive - labeled 2023 - if you have 20 minutes to spare. For those who aren't used to his temperament, the 93-year-old Buffett comes off as a bit of a curmudgeon. But in reality, he's just incredibly humble, honest and practical. And he has no time for investing foolishness or fads. Buffett is the ultimate buy-and-hold investor. In this year's letter, he says that he bought his first stock in March 1942 and has had most of his net worth in stocks since then. "And so far, so good," he concludes. |
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