EP33: Buffett vs the S&P500
In this week's episode, I give a summary of Warren Buffett's 2020 annual letter to shareholders. If you don't already know, Buffett is the chairman and CEO of the massively successful Berkshire Hathaway and has the greatest investing record ever tallied, spanning 56 years at an average annual growth rate of 20%.
I discuss the business of Berkshire, conglomerates and why you get what you put out into the world. Here are some links to useful content as well:
2020 Letter to Shareholders: https://www.berkshirehathaway.com/letters/2020ltr.pdf
2012 Letter to Shareholders discussing insurance in detail: https://www.berkshirehathaway.com/letters/2012ltr.pdf