With over 43 pages of text, the Berkshire 50th anniversary letter cannot be summed up easily. Nevertheless, in this two part article there are a selection of key quotes from the Oracle of Omaha's anniversary letter, which value investors may find useful.
You can find part one here.
If you’re looking for a complete analysis of the Berkshire letter, I would highly recommend heading over to the Wall Street Journal. The publication as gathered three dozen Buffettologists, Berkshire Hathaway shareholders, value investors and academics together to analyze the letter and puts its contents -- including annotations -- online for readers to study.
