Berkshire Hathaway released its 2009 annual report today.
I found the chairman’s (Warren Buffett) letter to be of particular interest this year as he mentions the company has “added at least 65,000 shareholders to the 500,000 or so already…” as a result of the recent acquisition of Burlington Northern Santa Fe.
In educating the newcomers about how Berkshire conducts business, Warren writes:
“In this letter we will also review some of the basics of our business, hoping to provide both a freshman orientation session for our BNSF newcomers and a refresher course for Berkshire veterans.”
For those interested in learning more about Warren Buffett, Berkshire Hathaway, and/or sound business and investing principles, I recommend reading this year’s report.
It can be found here.
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Warren candidly discussing the BNSF acquisition back on November 3, 2009:
