warren buffett berkshire hathaway letters to shareholders 1965-2012

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Even if Buffett still likes Apple’s business, a stake that large would have an outsized impact on Berkshire over time. The offers that appear on this site are from companies that compensate us. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. In any case, I can’t say that I recommend buying the book. Instead, if you’re really serious about learning insights into Warren Buffett’s way of investing and business management, do what other serious investors do and read the full, unabridged letters.

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Customers find the book a wonderful, informative read with the best annual letters ever written. The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Apple wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

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  • The company’s dividend yield and track record of dividend hikes are impressive.
  • Buffett may still love Apple’s business characteristics as much as he did when he established the position, but there’s a big difference between paying a P/E multiple of 10 versus 30.
  • “That made me very mad, so I just started buying more stock,” He continues.

No matter how good a business is, its price can get to a level where investors aren’t able to earn an attractive return over the long term. When Berkshire first bought Apple in 2016 it sold for about 10 times its annual earnings per share. Over time, that price-earnings ratio has expanded and is now around 30. For shareholders and others who are interested, a book that compiles the full unedited versions of each of Warren Buffett�s letters to shareholders between 1965 and 2014 is available for sale at this link. This is sure to keep dinging the stock, but Apple bulls should hold fast. The company continues to be robustly profitable and is sure to remain so.

warren buffett berkshire hathaway letters to shareholders 1965-2012

This has whittled Berkshire’s position in the bank down to slightly over 942 million shares, giving it a stake of around 12% in the lender’s equity. While the legendary investor appears to have soured on Bank of America to some extent, he’s probably still sweet on its dividend. The financial services company has increased its dividend for 10 consecutive years. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

Buffett is known for spending a good deal of time carefully writing the letters to be both informative and understandable. Buffett hasn’t https://forexarena.net/ bought additional shares of any of these top five dividend stocks lately. However, I think two are good picks for investors right now.

This book compiles the full, un-edited versions of every one of Warren Buffett’s letters to the shareholders of Berkshire Hathaway. In addition to providing an astounding case study on Berkshire’s success, Buffett shows an incredible willingness to share his methods and act as a teacher to his many students. This book compiles the full, un-edited versions of 50 years of Warren Buffett’s letters to the shareholders of Berkshire Hathaway. Warren E. Buffett first took control of Berkshire Hathaway Inc., a small textile company, in April of 1965. Fifty letters to shareholders later, the same share traded for $226,000, compounding investor capital at just under 21% per year-a multiplier of 12,556 times. Bankrate.com is an independent, advertising-supported publisher and comparison service.

The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated an there is no obligation to update any such information. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Buffett doesn’t own many high-yield dividend stocks, but Chevron is one of the few.

I suppose if the author was another notable investor the curation might be useful, but that wasn’t the case. I was offered a review copy of a book called Gems from Warren Buffett which is basically selected snippets from Warren Buffett’s Letter to Shareholders of Berkshire Hathaway. I read it and it was entertaining, but there was no real original material other than the contribution of organizing the quoted portions into themes like “Managing With Style” or “Market Forces”. It was also short; the book was small with large print and still only ran a little more than 100 pages. Using your mobile phone camera, scan the code below and download the Kindle app. Customer Reviews, including Product Star Ratings help customers to learn more about the product and decide whether it is the right product for them.

The total market value of all Berkshire equity holdings was just under $354 billion, meaning Apple comprised just over half the portfolio in terms of dollar amount. Apple (AAPL 0.03%) has ranked as Berkshire’s largest holding for years. Although Buffett has sold a significant portion of his stake in Apple this year, including a notable reduction of nearly half recently, it’s still Berkshire’s top individual stock holding by far. At the end of 1998, Berkshire’s Coke stake was worth $13.4 billion. Twelve years later, at the end of 2010, the stake was $13.2 billion. Berkshire collected dividends during that time, but the high multiple of the late ‘90s acted as an anchor on the stock for more than a decade.

With capital gains taxes, you don’t owe any taxes until the gain is realized, that is until you’ve sold some of the investment. Buffett clearly doesn’t mind paying taxes on gains at today’s low rates when they could be higher down the road. Individual investors can also benefit from periodic portfolio rebalancing. berkshire hathaway letters to shareholders While you may not have an individual stock that has grown as much as Apple, there may be funds you hold that account for a larger portion of your portfolio than you originally intended. Reducing those holdings and adding to positions that have lagged can be an effective way to manage risk in your portfolio.

Enter your mobile number or email address below and we’ll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer – no Kindle device required. Customers find the information in the book priceless, and the compilation great. The company’s new generative AI capabilities only work on iPhone 15 Pro, iPhone 15 Pro Max, and newer models. There’s a good chance, in my view, that a multi-year surge of iPhone upgrades could be on the way as customers buy new smartphones to take advantage of the artificial intelligence features. Buffett may still love Apple’s business characteristics as much as he did when he established the position, but there’s a big difference between paying a P/E multiple of 10 versus 30.