Buffett Partnership Letters: 1961

Berkshire Hathaway’s letters to shareholders are oft-quoted and Berkshire’s annual shareholder meeting is well-followed, as value investors try to glean the wisdom of the world’s greatest investor. But before he ran Berkshire, Warren Buffett was far less followed and ran his partnership with a sum of money much smaller than he employs today. The issues he faced then are probably far more relevant to the individual investor today than are Berkshire’s current challenges. The following series attempts to summarize the key takeaways from Buffett’s partnership letters. Regcure

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