As usual, a cogent, clear-cut, plain-language read. I find Berkshire Hathaway to be such a fascinating company. Their principles are so simple, but because they require patience, no other company has followed them.
Here’s Warren Buffet on how they treat shareholders:
While I’m on the subject of our owners’ gaining knowledge, let me
remind you that Charlie and I believe all shareholders should
simultaneously have access to new information that Berkshire
releases and, if possible, should also have adequate time to
digest and analyze that information before any trading takes
place. That’s why we try to issue financial data late on Fridays
or early on Saturdays and why our annual meeting is always held on
a Saturday (a day that also eases traffic and parking problems).
We do not follow the common practice of talking one-on-one with
large institutional investors or analysts, treating them instead
as we do all other shareholders. There is no one more important to
us than the shareholder of limited means who trusts us with a
substantial portion of his or her savings. As I run the company
day-to-day — and as I write this letter — that is the
shareholder whose image is in my mind.
★ Monday, 26 February 2018