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4min chapter
TIP521: Warren Buffett's Shareholder Letters
We Study Billionaires - The Investor’s Podcast Network
Buffett's Transparency and Honesty Are the Keys to His Long-Term Success
In his annual report of 2016, Berkshire Hathaway's share price increased double that of the S&P 500. Buffett noted a previous year's investing mistake and detailed what he'd learned from it. Since Buffett puts so much emphasis on his mistakes, this leads to shareholders trusting him more because they think he will always be on the lookout for bad things happening within Berkshire.
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