The oracle speaks

Last night, as the Oscar festivities were in full swing, the Oracle of Omaha, Warren Buffett, released his 2005 annual report, containing his annual letter to shareholders. The letter to shareholders is always a fascinating read, and this year was not a let-down.

Especially worth checking out is towards the end of the annual report, Buffett reprints his basic tenants in an “owner’s manual”. This owner’s manual is a manifesto on how the stock market (and capitalism in general) works. A timeless classic, chock full of fantastic insights.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: