Fox Business has uploaded Warren Buffett’s annual Thanksgiving letter to shareholders to Scribd here. It is to be Buffett’s final such letter. I have embedded it below.
With Buffett’s permission, the Free Press has also posted the text of the letter here (behind the Free Press paywall). The Free Press provides this introduction:
Every year, Warren Buffett writes a Thanksgiving letter to the shareholders of Berkshire Hathaway, the extraordinary company he has presided over from Omaha, Nebraska, since 1965. Investors have long admired his wisdom about companies and markets, of course, but we were struck by the reflections and the common sense contained in this year’s letter—much of which had nothing to do with Berkshire Hathaway or the stock market. We asked Buffett if we could publish an excerpt for this week’s [Free Press series] Ancient Wisdom, and to our delight, he said yes….
I thought some readers would find it of interest. It’s all worth reading. Here is a brief excerpt:
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One perhaps self-serving observation: I’m happy to say I feel better about the second half of my life than the first. My advice: Don’t beat yourself up over past mistakes—learn at least a little from them and move on. It is never too late to improve. Get the right heroes and copy them.
Remember Alfred Nobel, later of Nobel Prize fame, who—reportedly—read his own obituary that was mistakenly printed when his brother died and a newspaper got mixed up. He was horrified at what he read and realized he should change his behavior.
Don’t count on a newsroom mix-up: Decide what you would like your obituary to say and live the life to deserve it.
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Whole thing below.
