Skip to content

  • Printivity
  • Asian Business Association
  • Complexity Capital Management
  • Consulting / Speaking
  • Press
  • Contact

Reading List

Read Blog

Reading List

Read Blog

Latest Blogs

  • Show All
Berkshire Hathaway Letters

Berkshire Hathaway Annual Letter – 1982

August 11, 2021August 11, 2021 lawrencechou 3 mins read

“Yardsticks seldom are discarded while yielding favorable readings. But when results deteriorate, most managers favor disposition of the yardstick rather than disposition of the manager.” […]

Berkshire Hathaway Letters

Berkshire Hathaway Annual Letter – 1981

May 18, 2021August 11, 2021 lawrencechou 3 mins read

“Small portions of exceptionally good businesses are usually available in the securities markets at reasonable prices. But such businesses are available for purchase in their […]

Berkshire Hathaway Letters

Berkshire Hathaway Annual Letter – 1980

May 4, 2021May 4, 2021 lawrencechou 3 mins read

“High rates of inflation create a tax on capital that makes much corporate investment unwise – at least if measured by the criterion of a […]

Berkshire Hathaway Letters

Berkshire Hathaway Annual Letter – 1979

April 30, 2021May 4, 2021 lawrencechou 3 mins read

“We continue to feel that the ratio of operating earnings (before securities gains or losses) to shareholders’ equity with all securities valued at cost is […]

Berkshire Hathaway Letters

Berkshire Hathaway Annual Letter – 1978

April 28, 2021April 28, 2021 lawrencechou 2 mins read

“Successfully forecasting short term stock price movements is something we think neither we nor anyone else can do” “Obvious approaches to improved profit margins involve […]

Berkshire Hathaway Letters

Berkshire Hathaway Annual Letter – 1977

April 27, 2021April 28, 2021 lawrencechou 22 mins read

I am excited to begin this project of reviewing all of Warren Buffett’s annual Berkshire Hathaway shareholder letters, starting from 1977. There are currently over […]

Copyright © 2021 Lawrencechou.com | All Rights Reserved.