Lessons From the Oracle: Warren Buffett’s Shareholder Letter, Annotated

(Bloomberg) -- Berkshire Hathaway Inc. Chairman and CEO Warren Buffett just published his annual letter to shareholders.

The widely-read document promises to chronicle twelve months in which natural disasters dented his insurance businesses, saw the Oracle of Omaha join forces with Jeff Bezos and Jamie Dimon on a health care venture earlier this year, and perhaps even offer a hint on succession plans for the conglomerate after Greg Abel and Ajit Jain were each promoted to be vice chairman at the start of 2018. We'll also get a rare glimpse of the top-down view on the state of the American economy from the man who's mastered bottom-up analysis.

We're scouring the letter to highlight and break down some of the most important passages and details. Follow along with our annotation below:

https://www.twomargins.com/c/Warren-Buffett's-2017-Letter-To-Shareholders-jdkkwz

To contact the authors of this story: Luke Kawa in New York at lkawa@bloomberg.net, Katherine Chiglinsky in New York at kchiglinsky@bloomberg.net, Noah Buhayar in Seattle at nbuhayar@bloomberg.net.

To contact the editor responsible for this story: Tal Barak Harif at tbarak@bloomberg.net.

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