Buffett's Letter to Shareholders

Warren Buffett's View on Companies Pursuing "Smooth" Quarterly Earnings Reports Buffett has repeatedly expressed negative views in his shareholder letters regarding companies that pursue "smooth" quar...

Why Budgeting Systems Stifle Corporate Creativity and Rational Decision-Making? In his shareholder letters, Warren Buffett has repeatedly criticized traditional budgeting systems, arguing that they of...

Buffett's Investment Philosophy: Exceptional Business vs. Exceptional CEO As a leading figure in value investing, Warren Buffett has repeatedly emphasized in his shareholder letters that the core of i...

# Corporate Social Responsibility (CSR): A Management Obligation or Shareholder Choice? ## Introduction Corporate Social Responsibility (CSR) is a contentious topic concerning whether companies sho...

Why Does Berkshire Hathaway Rarely Intervene in Acquired Companies' Operations? What Is the Source of This Trust? Core Reasons: Trust in Excellent Management and Decentralized Model Berkshire Hathaway...

How Does Buffett Define "Shareholder-Friendly" Management? Warren Buffett, in his shareholder letters, defines "shareholder-friendly" management as executives who run the company as if it were their o...

The Meaning of Buffett's "Think Like a Business Owner" Buffett repeatedly emphasizes in his shareholder letters that investors should think like "business owners," not short-term speculators.

Why Does Buffett Oppose Splitting Berkshire Hathaway? As Chairman of Berkshire Hathaway, Warren Buffett has clearly expressed his opposition to stock splits in multiple shareholder letters.

Primary Responsibilities of the Board of Directors As the core institution of corporate governance, the Board of Directors primarily represents shareholder interests and oversees and manages the overa...

How Does Warren Buffett Select and Evaluate Subsidiary CEOs? What Qualities Does He Value Most? Approach to Selecting CEOs When managing Berkshire Hathaway, Warren Buffett typically does not directly ...

Why Does Berkshire Hathaway Insist on Not Paying Dividends? Berkshire Hathaway has maintained a no-dividend policy since Warren Buffett took control, rooted in core principles of value investing.

Warren Buffett as Activist Shareholder vs. Hands-off Manager: Is There a Contradiction? Introduction Warren Buffett is renowned for his unique investment philosophy, often characterized as a "hands-of...

Berkshire Hathaway's Decentralized Model: Secret Sauce or Potential Weakness? Berkshire Hathaway is renowned for its highly decentralized management model, with a headquarters staffed by only a few do...

Warren Buffett's Emphasis on Management Candor In his investment philosophy, Warren Buffett regards management candor as one of the most critical qualities when evaluating a company.

Warren Buffett's Opposition to Stock Options and Alternative Approaches Buffett's Reasons for Opposing Stock Options as Executive Compensation Warren Buffett has repeatedly expressed opposition to usi...

If Warren Buffett Started with $1 Million Today, How Would His Investment Strategy Differ from Managing Berkshire Hathaway? As a leading figure in value investing, Warren Buffett's core strategy has a...

Does Warren Buffett Prioritize Historical Performance or Future Potential When Evaluating a Company? As a leading figure in value investing, Warren Buffett places greater emphasis on a company's futur...

Warren Buffett's Perspective on Estimating a Company's Intrinsic Value When estimating a company's intrinsic value, Warren Buffett prioritizes being "approximately right" over precision.

"You Can't Make a Good Deal with a Bad Person" – "You Can "You "You Can't Make a Good Deal with "You "You Can't "You Can't Make a Good "You Can't Make a Good Deal with a Bad Introduction This quote...

Does Buffett's Investment in Utilities and Railroads Indicate Reduced Expectations for "High Growth"? Background Analysis Warren Buffett, through Berkshire Hathaway, has made significant investments i...