Warren Buffett released his latest annual letter to shareholders this weekend. I always love reading Buffett’s letter. There are always nuggets of wisdom in there. I generally tell novice investors, the first thing you should print up and read is every one of Buffett’s letters (you can find the letters here). Nothing like learning from the best.
This year’s letter was a bit of a letdown as far as Buffett letters go. The only section that contained his usually unique insights pertained to gold. Buffett REALLY hates gold as an investment. History has had a tendency to prove him right on these sorts of big macro calls even though he’s often early. Time will tell….
Read the full letter here.