BERKSHIRE HATHAWAY

BERKSHIRE HATHAWAY

ANNUAL SHAREHOLDER LETTERS

Ask any investor, and they’ll tell you—reading Warren Buffett’s annual shareholder letters is like getting an MBA in investing. This is where you’ll find my breakdown of every letter, complete with memorable quotes, key takeaways, and other insights.

READ THE LETTERS

Ryne Williams 7/28/25 Ryne Williams 7/28/25

2001

Memorable quotes and key takeaways from the 2001 Berkshire Hathaway shareholder letter.

Ryne Williams 7/17/25 Ryne Williams 7/17/25

2000

Memorable quotes and key takeaways from the 2000 Berkshire Hathaway shareholder letter.

Ryne Williams 5/18/25 Ryne Williams 5/18/25

1999

Memorable quotes and key takeaways from the 1999 Berkshire Hathaway shareholder letter.

Ryne Williams 5/15/25 Ryne Williams 5/15/25

1998

Memorable quotes and key takeaways from the 1998 Berkshire Hathaway shareholder letter.

Ryne Williams 5/5/25 Ryne Williams 5/5/25

1997

Memorable quotes and key takeaways from the 1997 Berkshire Hathaway shareholder letter.

Ryne Williams 4/21/25 Ryne Williams 4/21/25

1996

Memorable quotes and key takeaways from the 1996 Berkshire Hathaway shareholder letter.

Ryne Williams 4/12/25 Ryne Williams 4/12/25

1995

Memorable quotes and key takeaways from the 1995 Berkshire Hathaway shareholder letter.

Ryne Williams 3/12/25 Ryne Williams 3/12/25

1994

Memorable quotes and key takeaways from the 1994 Berkshire Hathaway shareholder letter.

Ryne Williams 3/10/25 Ryne Williams 3/10/25

1993

Memorable quotes and key takeaways from the 1993 Berkshire Hathaway shareholder letter.

Ryne Williams 1/24/25 Ryne Williams 1/24/25

1992

Memorable quotes and key takeaways from the 1992 Berkshire Hathaway shareholder letter.

Ryne Williams 11/13/24 Ryne Williams 11/13/24

1991

Memorable quotes and key takeaways from the 1991 Berkshire Hathaway shareholder letter.

Ryne Williams 11/7/24 Ryne Williams 11/7/24

1990

Memorable quotes and key takeaways from the 1990 Berkshire Hathaway shareholder letter.

Ryne Williams 8/26/24 Ryne Williams 8/26/24

1989

Memorable quotes and key takeaways from the 1989 Berkshire Hathaway shareholder letter.

Ryne Williams 8/26/24 Ryne Williams 8/26/24

1988

Memorable quotes and key takeaways from the 1988 Berkshire Hathaway shareholder letter.

Ryne Williams 8/26/24 Ryne Williams 8/26/24

1987

Memorable quotes and key takeaways from the 1987 Berkshire Hathaway shareholder letter.

Ryne Williams 8/26/24 Ryne Williams 8/26/24

1986

Memorable quotes and key takeaways from the 1986 Berkshire Hathaway shareholder letter.

Ryne Williams 8/26/24 Ryne Williams 8/26/24

1985

Memorable quotes and key takeaways from the 1985 Berkshire Hathaway shareholder letter.

Ryne Williams 8/26/24 Ryne Williams 8/26/24

1984

Memorable quotes and key takeaways from the 1984 Berkshire Hathaway shareholder letter.

Ryne Williams 8/26/24 Ryne Williams 8/26/24

1983

Memorable quotes and key takeaways from the 1983 Berkshire Hathaway shareholder letter.

Ryne Williams 8/26/24 Ryne Williams 8/26/24

1982

Memorable quotes and key takeaways from the 1982 Berkshire Hathaway shareholder letter.