Warren Buffett’s Letter to Shareholders

This is the first of a multi-part series covering the Berkshire Hathaway 2008 Annual Report and Warren Buffett’s letter to shareholders. In this post, I will provide highlights of Buffett’s annual letter. In the following posts, I will attempt to determine the intrinsic value of Berkshire Hathaway based on the data available in the annual report and certain forward looking assumptions regarding the business.

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