5 timeless lessons for success from the early years of Warren Buffett’s annual shareholder letters
SKIP NAVIGATION Warren Buffett, Chairman and CEO of Berkshire Hathaway. Warren Buffett took over Berkshire Hathaway in 1965. At the time, the company was a struggling textile mill in New Bedford, Mass. Today, the investing conglomerate has a market cap of more than $500 billion and the 88-year-old CEO and chairman is himself worth $87 billion, according to Bloomberg’s Billionaire Index . Each year, Buffett writes a letter to his shareholders. Here are five pieces of Buffett’s best advice about to be successful in business, culled from early annual letters. Stay nimble “We could just field a basketball team with our corporate headquarters group (which utilizes only about 1500 square feet of space),” Buffett wrote in 1979 . (Basketball is played with five people on t...