Buffett’s Annual Shareholders’ Letter

By Prieur du Plessis, on March 3rd, 2010 posted in: Buffett, Investment

Warren Buffett’s 33^rd annual Chairman’s Letter to Berkshire Hathaway (BRKA, BRKB) shareholders, released over the weekend, is one of those must-read reports that every serious investor should spend a few minutes perusing. It is essentially Buffett’s annual review of the various Berkshire Hathaway operations. As always, the Letter contains a treasure trove of wit and wisdom from this iconic investor.

Unlike last hear, Buffett did not devote much space to the economy. He said the US would recover from the residential real estate slump by 2011 as demand for homes catches up with the supply that accumulated during the bubble. “Within a year or so, residential housing problems should largely be behind us,” said Buffett. “Prices will remain far below ‘bubble’ levels, of course, but for every seller or lender hurt by this there will be a buyer who benefits.” (Also see my post of yesterday, Buffet-o-rama, for Buffett’s comments on a number of topical economic and financial issues.)

To gain some insight in the Oracle of Omaha’s actions in these troubled times, please click here for the Chairman’s Letter. (All Buffett’s previous Letters can also be accessed by clicking here.)

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