I got my masters degree in accounting and information systems. While going to school I started an investment club and learned about a man named Warren Buffett.
Warren Buffett is humble, full of folksy humor, and trades places with Bill Gates as the richest man in the world, depending on the year you’re counting. His annual letters to his shareholders are a delight to read. This year’s is full of wisdom about the current financial crisis. Moreover, within a few minutes of reading you will be able to get some key insights that can help as you evaluate the plans being hatched in Washington and how to prevent this particular type of crisis from happening again.
If you’re not that into finance, I recommend reading:
- The introduction starting on page 2 and ending on page 3
- The “Finance and Financial Products” section starting on page 10 and running through page 12
Once you’ve read those, if you want to laugh and see Buffet’s humor, skip to page 21 where Buffett talks about the annual meeting of shareholders. Tell me you wouldn’t want to attend.
The Berkshire Hathaway homepage
This year’s letter to shareholders (you will click on 2008 because he’s discussing the results of that year)