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2014 Berkshire Hathaway Letter to Shareholders: 3 Key Takeaways

Each year around the beginning of March, legendary investor Warren Buffett releases a new version of his Letter to Shareholders to the Berkshire Hathaway (BRK.A) website. As a Buffett follower and with an eye to gleaning as much wisdom as possible, I was as excited as ever to dig into this year’s correspondence.

While each letter tends to build on those of previous years, my focus with this article will be to highlight three key takeaways rather than giving an overview of the entire piece. My best advice for those interested, of course, would be to read the letter in its entirety from the link I provided above.

One point to consider from the outset is that this year marked the 50th Anniversary of present management taking the helm at BRK.A. As a result, we were treated to two additional gems tagged on at the end of the letter which included Buffett and Charlie Munger’s assessment of their company past, present, and future.

Read the full article on Seeking Alpha.

Full Disclosure: Long TD, JNJ. No position in BRK.A or BRK.B and no intention to do so within the next 72 hours.

Pictures courtesy of pixabay.com

2 thoughts on “2014 Berkshire Hathaway Letter to Shareholders: 3 Key Takeaways

  1. Allan says:

    It was an interesting letter once again. I liked the discussion he had about risk and volatility. I’m a Buffettaholic too lol I can’t get enough of his wisdom.

    Jason from Dividend Mantra will soon attend Buffett’s meeting. I’d like to go there too eventually. That would be a cool experience.

    Do you own BRK stock? It doesn’t pay a dividend so it doesn’t really fit in my strategy but I think I’ll make another exception here… After all I bought some Google shares and it’s really a great company and even though the title might take a hit when he’ll resign or pass away, he seems confident in the future of Berkshire.
    Allan recently posted…February 2015 updateMy Profile

    1. Hi Allan,

      This was my favourite letter of them all (I’ve gone back and read all of the past letters as well, of course). It’s amazing that the investment genius of the ages is all online for free. Whenever I’m analyzing a given time period, I always find it interesting to go back to the prior year and see what Buffett said beforehand and then afterward. The guy has been pretty spot-on over the decades.

      I’d love to attend a Berkshire annual meeting as DM is doing. Given that it is the Golden Anniversary, I’m sure they will have some great events taking place.

      I don’t own BRK stock at this point, neither does my brother. The fact that there’s no dividend has kept us out. However, as you mentioned, this may be a company worth making an exception. Perhaps if there’s a serious pullback we’d consider initiating a stake.

      I’m glad you enjoyed the read. The reception on Seeking Alpha has been very positive for this article as well.

      Take care!
      – Ryan

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