Berkshire Hathaway has now been run by its current management for well over 50 years – with Warren Buffett and Charlie Munger taking it over in 1964.

ere are Warren Buffett’s Letters to Shareholders in the Annual Reports of Berkshire Hathaway (balance date is 31 December).

They make fantastic reading.

Great reading for anyone interested in how accounting (along with sound judgement) can help us with investing decisions.