Warren Buffett Proves That Giving Advice Is Easier Than Taking It

This past weekend, on Saturday, Feb. 22, Warren Buffett kept a long-running tradition alive by releasing Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) annual shareholder letter. These letters, penned by the Oracle of Omaha himself, have been a source of inspiration to long-term investors for decades, and provide insight into the "how" and "why" regarding Buffett's success as an investor.

The latest iteration in Buffett's long line of shareholder letters didn't disappoint, with Berkshire's leader discussing the importance of retained earnings (i.e., no, you're not getting a dividend out of Berkshire Hathaway), what would happen to his Berkshire stock upon his passing, and, of course, discussing how the company's various insurance and non-insurance operating segments performed in 2019. 

Berkshire Hathaway CEO Warren Buffett at his company's annual shareholder meeting. Image source: The Motley Fool.

Continue reading

Source Fool.com