netnet Posted May 4, 2015 Share Posted May 4, 2015 I just came across this, the Wall Street Journal has annotated the annual letter. I have only gotten a few pages in, but the first comment from Russo is worth the price...oh right it's free. 8) http://www.documentcloud.org/documents/1678424-berkshire2014.html#document/p1 Link to comment Share on other sites More sharing options...
gfp Posted May 4, 2015 Share Posted May 4, 2015 Really great - thanks for posting this! Link to comment Share on other sites More sharing options...
zarley Posted May 4, 2015 Share Posted May 4, 2015 I just came across this, the Wall Street Journal has annotated the annual letter. I have only gotten a few pages in, but the first comment from Russo is worth the price...oh right it's free. 8) http://www.documentcloud.org/documents/1678424-berkshire2014.html#document/p1 Get more than a few pages in and you'll recognize at least one very familiar name. :) Link to comment Share on other sites More sharing options...
Grenville Posted May 4, 2015 Share Posted May 4, 2015 Awesome! Thanks for posting. Lots of recognizable names. Link to comment Share on other sites More sharing options...
DCG Posted May 5, 2015 Share Posted May 5, 2015 So is Charlie hinting/implying that Buffett will be leaving the company soon? Link to comment Share on other sites More sharing options...
cubsfan Posted May 5, 2015 Share Posted May 5, 2015 Fantastic commentary from the right people - thanks for posting. Link to comment Share on other sites More sharing options...
dcollon Posted May 5, 2015 Share Posted May 5, 2015 Very interesting. Thanks for posting the link. Link to comment Share on other sites More sharing options...
Guest longinvestor Posted May 6, 2015 Share Posted May 6, 2015 The commentary was insightful. One manager points out that there are many telegraphed messages for several stakeholders; small shareholders, subsidiary chiefs etc. I agree that this letter will be quoted most for the next 50 years. Somewhat of a glaring miss is that none of the managers chose to comment on the intrinsic value section of the letter. The bullish tone of those managers holding BRK in their pf comes through, somewhat. Yet no commentary on the IV? Even if not throwing out a number/range, discuss the framework at least? After all, making folks think and behave in terms of IV is WEB's seminal contribution to the world. Link to comment Share on other sites More sharing options...
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