Every year when it comes out, I read Warren Buffett’s annual letter to shareholders.  I’ve come to know the key businesses within Berkshire Hathaway, and it inspires me to think long-term as Buffett reflects on the performance of his own investment decisions over many decades.

 

The letter reflecting on 2014 celebrates 50 years of management, so there is more interesting commentary than usual.  As always, it’s a recommended read for long-term investors.

 

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