Buffett's Letter to Shareholders

Why Does Buffett Believe Simple Ideas Are More Reliable Than Complex Models? Warren Buffett has repeatedly emphasized the importance of simplicity in his shareholder letters.

How Does Warren Buffett Handle Regret Over Missed Investment Opportunities (Such as Google)? Warren Buffett, a leading figure in value investing, has frequently discussed the regret stemming from miss...

How the Buffett-Munger Partnership Mitigates Cognitive Blind Spots The enduring partnership between Warren Buffett and Charlie Munger stands as a paradigm in the investment world.

Application of "The Chains of Habit Are Too Light to Be Felt Until They Are Too Heavy to Be Broken" to Bad Investment Habits This phrase vividly depicts the formation of habits: initially as light cha...

Warren Buffett's "Reading and Thinking": Insights for Modern Professionals As a legendary figure in the investment world, Warren Buffett summarizes his daily work as "reading and thinking.

How Does Buffett Maintain Learning and Curiosity? Warren Buffett, a legendary figure in the investment world, is renowned for his commitment to lifelong learning.

Why Does Warren Buffett Consider Market Prediction a "Fool's Game"? As a leading figure in value investing, Warren Buffett has repeatedly emphasized in his shareholder letters that attempting to predi...

Is IQ or Rationality the Most Important Quality in Life? When discussing the most crucial qualities in life, we often pit intelligence quotient (IQ) against rationality.

How Does Buffett Define "Risk"? Warren Buffett has elaborated on his investment philosophy multiple times in his shareholder letters, where his definition of "risk" significantly differs from traditio...

How "Time is the friend of the wonderful business, the enemy of the mediocre" Inspires Investor Patience This quote from Warren Buffett captures a core principle of value investing.

Why Is It Advised for Ordinary Investors Not to Check Market Conditions Frequently? Frequent monitoring of market conditions may negatively impact the decision-making of ordinary investors, particular...

How to Combat Confirmation Bias? Confirmation bias is a common cognitive bias where people tend to prioritize information that supports their existing beliefs while ignoring or downplaying contradicto...

Analysis of the Sources of Warren Buffett's Emotional Control The core of Warren Buffett's investment philosophy, "Be fearful when others are greedy and greedy when others are fearful," originated fro...

The Most Important Lesson Buffett Learned from His Biggest Mistake In his annual letters to shareholders, Buffett candidly acknowledged numerous investment errors, with the acquisition of Dexter Shoes...

How Does Buffett Maintain "Inaction" During Tech Bubbles or Market Manias? As a leading figure in value investing, Warren Buffett often chooses "inaction" during market bubbles (such as the late-1990s...

As a CEO of a Berkshire Hathaway subsidiary, what kind of call from Warren Buffett do I fear most? Within Berkshire Hathaway's culture, Warren Buffett grants subsidiary CEOs significant autonomy.

Buffett's Most Critical Consideration in Selecting a Successor According to Buffett's statements in his shareholder letters, the most crucial factor in selecting a successor for Berkshire Hathaway is ...

Warren Buffett's Critical Stance Toward Wall Street Analysts and Rating Agencies Warren Buffett has repeatedly expressed strong criticism of Wall Street analysts and rating agencies in his letters to ...

What is the core of Berkshire Hathaway's corporate culture? The core of Berkshire Hathaway's corporate culture can be summarized as "trust, autonomy, long-termism, and frugality.

What is the Most Important Job of a CEO: Capital Allocation, Daily Operations, or Corporate Culture Building? According to Warren Buffett’s letters to shareholders, the most important job of a CEO is ...