Warren Buffett wrote to Berkshire Hathaway's shareholders every year from 1965. A share cost about $18 that April. At the end of the record it was $680,920 — 37,829 times the money, a little over 19% a year, for sixty years running. The letters are what he was thinking while it happened, written down as it happened.
We collected all sixty, set them from the originals, and printed them as one hardcover of 968 pages. Buffett agreed to it on a handshake, and his office helped us find what was missing. This is the fourth edition and the last one we will make.
| Letters | 1965 to 2024, sixty in all |
| Book | Hardcover, 968 pages |
| Edition | The fourth, and the last |
| Chart | 50 years, 36 by 18 inches |
| Companion | The Blue Chip Stamps letters |
| Archive | berkshireletters.com |
All sixty letters, set from the originals, with the tables restored and the front matter Buffett never wrote. 968 pages.
Every letter online, free, with the annual meeting transcripts, full-text search, and the sixty-year chart you can drag. Opening with the relaunch.
The same text, searchable on a screen.
Book value per share, 1965 to 2014, drawn as one line. 36 by 18 inches, matte stock.
The letters from the trading-stamp company Buffett and Munger used to buy See's Candies.
Four to six emails a year. What we made, and where the story came from.