About this source
Warren Buffett's 1995 letter to shareholders of Berkshire Hathaway, discussing the company's performance, acquisitions, and investment strategy.
Frameworks extracted
11 totalFINmonths
Shareholder Meeting Optimization Framework
Maximize Shareholder Engagement
FINmonths
Low-Cost Indexing Framework
Low-cost investing
FINmonths
Convert or Hold Framework
Evaluate the benefits of converting or holding a convertible security
FINmonths
Cyclical vs Secular Problem Framework
Distinguish between temporary and permanent issues
FINongoing
Lumpy Returns Framework
Embracing volatility for long-term gains
FINongoing
Float-Based Business Framework
Leverage 'free' money
STRongoing
Moat Framework
Build a wide moat
STRongoing
Have-to-be-Smart-Once Business Framework
Smart once, succeed long-term
STRmonths
Have-to-be-Smart-Every-Day Business Framework
Stay smart daily
FINmonths
Investment Framework
Invest in quality businesses
FINmonths
Acquisition Framework
Buy quality businesses