The Archive

Shareholder Letters

"I will tell you what I would say to my family today if they asked me about Berkshire's future."

The Owner's Manual

The 13 business principles that define the partnership between Berkshire's managers and its owners.

Read Principles

2020 — 2025

2025 Coming Soon 2024 PDF • HTML 2023 PDF • HTML 2022 PDF • HTML 2021 PDF • HTML 2020 PDF • HTML

2000 — 2019

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000

The Early Years (1977 — 1999)

1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977