Letter To Berkshire Shareholders (First Draft) by Stefano Boscutti
Approx. 1,140 words.
Published on November 26, 2010.
Let them eat credit default swaps.
Warren Buffett’s partner is in a crotchety mood. He’s fed up with ordinary people thinking they can get rich off the sweat of others. Who do they think they are? Hedge fund managers?
“Letter to Berkshire Shareholders (First Draft)” is a businesslike corporate story. Think of it as a moral bailout.
Can Warren Buffett make the truth more palatable?