BERKSHIRE HATHAWAY

ANNUAL SHAREHOLDER LETTERS

Black and white photo of two elderly men in suits, both wearing glasses, smiling against a plain background.

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 9/27/26 Ryne Williams 9/27/26

2010

Memorable quotes and key takeaways from the 2010 Berkshire Hathaway shareholder letter.

Ryne Williams 9/12/26 Ryne Williams 9/12/26

2009

Memorable quotes and key takeaways from the 2009 Berkshire Hathaway shareholder letter.

Ryne Williams 8/3/26 Ryne Williams 8/3/26

2008

Memorable quotes and key takeaways from the 2008 Berkshire Hathaway shareholder letter.

Ryne Williams 4/29/26 Ryne Williams 4/29/26

2007

Memorable quotes and key takeaways from the 2007 Berkshire Hathaway shareholder letter.

Ryne Williams 4/8/26 Ryne Williams 4/8/26

2006

Memorable quotes and key takeaways from the 2006 Berkshire Hathaway shareholder letter.

Ryne Williams 1/14/26 Ryne Williams 1/14/26

2005

Memorable quotes and key takeaways from the 2005 Berkshire Hathaway shareholder letter.

Ryne Williams 12/22/25 Ryne Williams 12/22/25

2004

Memorable quotes and key takeaways from the 2004 Berkshire Hathaway shareholder letter.

Ryne Williams 10/24/25 Ryne Williams 10/24/25

2003

Memorable quotes and key takeaways from the 2003 Berkshire Hathaway shareholder letter.

Ryne Williams 10/23/25 Ryne Williams 10/23/25

2002

Memorable quotes and key takeaways from the 2002 Berkshire Hathaway shareholder letter.

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.