Name: Berkshire Hathaway Letters to Shareholders
ISBN: 9780615975078

What Hacker News says

dv35zDec 2022

I suggest buy these gems and read them (roughly) in this order, take it seriously - take notes.

// Mindset (Important)

- Think and Grow Rich https://a.co/d/fMmWnrI (listen to Earn Nightingale's "The Strangest Secret" daily while reading it - https://open.spotify.com/album/0bg1C7BwYZq5vXFpJOhZFM?si=wAB...; listen to everything else he's done: https://open.spotify.com/artist/4gyPmRdEnJ6GVibKuQekoF?si=YD...)

^^ Take this one seriously, take notes, and when he says do something - do it, trust the system.

- Berkshire Hathaway Letters to Shareholders https://a.co/d/8H4AsQg

// Startup & Business

- The Great CEO Within: The Tactical Guide to Company Building https://a.co/d/daElAvL (MUST READ - extremely actionable)

- A Radical Enterprise: Pioneering the Future of High-Performing Organizations https://a.co/d/d7LljeV

// Writing & Speaking

- On Writing Well: The Classic Guide to Writing Nonfiction https://a.co/d/3Sb7vG4

- Talk Like TED: The 9 Public-Speaking Secrets of the World's Top Minds https://a.co/d/gd0LJuU

- The Elements of Style, Fourth Edition https://a.co/d/bFYFQyo

// Sales

- Founding Sales: The Early Stage Go-to-Market Handbook https://a.co/d/gM1yZt7

- The Challenger Sale: Taking Control of the Customer Conversation https://a.co/d/1FPKfmy

- Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal https://a.co/d/86WRDtR

Best of luck of your journey.

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pg314Feb 2017

I have an economics degree, but feel I've learned more from his shareholder's letters than 4 years of university. So I too recommend them.

The letters starting from 1995 can be consulted at http://www.berkshirehathaway.com/reports.html.

They are also available in book form 'Berkshire Hathaway Letters to Shareholders', starting from 1965 (with the early partnership letters).

Charlie Munger's Wesco Letters to Shareholders are also interesting, especially the early ones: http://www.wescofinancial.com/.

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kirk21Aug 2015

- Berkshire Hathaway Letters to Shareholders http://amzn.to/1KWptkR - Onward: How Starbucks Fought for Its Life without Losing Its Soul http://amzn.to/1Mcy70b - Diffusion of Innovations http://amzn.to/1Dy5ZmM - Failure Is Not an Option http://amzn.to/1W8U4BG

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sumedhDec 2014

Berkshire Hathaway Letters to Shareholders. Its basically a collection of Buffett's annual reports from 1970 to 2012.

If you invest money directly in the stock market, you must read it. It will teach you investing, accounting, economics, human behavior in a simple words.

http://www.amazon.com/gp/product/B00DUM1W3E/ref=kics_dp_shop...

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mmh0000Apr 2023

It's not terrible[1], better than I would be anyway. (I'm terrible at investing, I've lost everything I've ever tried to "invest").

[1] Prompt: Are you familiar with Warren Buffet's Letters to Shareholders?

  Yes, I'm familiar with Warren Buffett's Letters to Shareholders. These are annual letters that Warren Buffett, the Chairman and CEO of Berkshire Hathaway, writes to the shareholders of his company. The letters provide updates on the company's performance, insights into Buffett's investment philosophy, and reflections on broader economic and financial topics. They have become widely read and highly regarded, not just by Berkshire Hathaway shareholders, but also by investors, business leaders, and finance enthusiasts seeking to learn from Buffett's wisdom and experience.


  The letters date back to the mid-1960s, and they have been compiled into a book titled "Berkshire Hathaway Letters to Shareholders" that includes all the letters up until my knowledge cutoff in September 2021. Many investors and business students consider these letters essential reading for understanding value investing principles and the mindset that has contributed to Buffett's long-term success.




  Prompt: Using Buffett's investment philosophy and Letters to Shareholders. Will you help me analyze some stocks?
 

  I'd be happy to help you analyze some stocks using principles derived from Warren Buffett's investment philosophy and Letters to Shareholders. Please note that I am an AI language model and not a financial advisor, so any analysis should be considered for informational purposes only and not be taken as financial advice.


  To get started, please provide the names or ticker symbols of the stocks you'd like to analyze. Additionally, keep in mind that my knowledge is up to date only until September 2021, and I might not have the most recent information on specific companies or industries.




  Prompt: Lets start with RIVN


  Rivian Automotive, Inc. (RIVN) is an American electric vehicle (EV) manufacturer founded in 2009. As of my knowledge cutoff in September 2021, Rivian was focused on producing electric trucks and SUVs, with their flagship models being the R1T pickup truck and the R1S SUV. Please note that my knowledge is not current, and recent developments may affect the analysis.


  To analyze Rivian using principles from Warren Buffett's investment philosophy, we'll consider some key aspects:


  Business Understanding: Buffett emphasizes the importance of investing in businesses that are simple and easy to understand. Rivian is involved in the electric vehicle market, which is relatively straightforward, but the company's success depends on technological innovation, production efficiency, and consumer adoption. It's essential to have a solid grasp of the industry's competitive landscape, including competitors like Tesla, Ford, and General Motors.


  Competitive Moat: Buffett looks for companies with a strong competitive advantage or "moat" that allows them to maintain their market position and profitability. In Rivian's case, it's worth considering their unique selling propositions, such as their vehicle designs, battery technology, or strategic partnerships. Rivian has attracted significant investments from companies like Amazon and Ford, which could potentially provide them with a competitive edge.


  Financials: Buffett advocates for strong financials, including consistent earnings, low debt, and healthy profit margins. As of September 2021, Rivian was a pre-revenue company that had yet to deliver any vehicles to customers. Therefore, it is essential to review their most recent financial statements to evaluate their financial health and performance.


  Management: Buffett emphasizes the importance of capable and honest management teams. Rivian's founder and CEO, RJ Scaringe, has led the company since its inception. Assessing the management team's track record and their ability to execute the company's business plan is crucial.


  Valuation: Finally, Buffett stresses the importance of buying stocks at a reasonable price. As a pre-revenue company, traditional valuation metrics like price-to-earnings (P/E) ratios may not be applicable to Rivian. Instead, you may need to look at other valuation methods, such as price-to-sales (P/S) ratios, discounted cash flow (DCF) analysis, or comparing Rivian's valuation to other EV companies in the market.

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