Management Articles by Warren Buffett

• Berkshire Hathaway 2007 Letter to Shareholders   view details
  "A truly great business must have an enduring "moat" that protects excellent returns on invested capital. The dynamics of capitalism guarantee that competitors will repeatedly assault any business "castle" that is earning high returns... She's smart, she

• Warren Buffett's Letters To Berkshire Shareholders   view details
  Every Investor should read these. Letters going back to 1995 give you insight into Warren Buffett's ideas on investing, the economy and business.

• Who Really Cooks the Books?   view details
  "For many years, I've had little confidence in the earnings numbers reported by most corporations. I'm not talking about Enron and WorldCom - examples of outright crookedness. Rather, I am referring to the legal, but improper, accounting methods used by chief executives to inflate reported earnings. The most flagrant deceptions have occurred in stock-option accounting and in assumptions about pension-fund returns. The aggregate misrepresentation in these two areas dwarfs the lies of Enron and WorldCom."