Berkshire Hathaway’s 2017 Annual Report

The Berkshire Hathaway’s annual report recently published and as always it’s full of great wisdom by Warren Buffett. Here are a few of the quotes from this letter I loved.

When talking about shareholders: ​

While I’m on the subject of our owners’ gaining knowledge, let me remind you that Charlie and I believe all shareholders should simultaneously have access to new information that Berkshire releases and, if possible, should also have adequate time to digest and analyze that information before any trading takes place. That’s why we try to issue financial data late on Fridays or early on Saturdays and why our annual meeting is always held on a Saturday (a day that also eases traffic and parking problems).

We do not follow the common practice of talking one-on-one with large institutional investors or analysts, treating them instead as we do all other shareholders. There is no one more important to us than the shareholder of limited means who trusts us with a substantial portion of his or her savings. As I run the company day-to-day – and as I write this letter – that is the shareholder whose image is in my mind.

Mr. Buffett also mentions the 10-year bet he made and won and closes that section out with this gem:

Performance comes, performance goes. Fees never falter.

Always remember that when you are investing.