Letters arranged by theme

Lawrence Cunningham took Warren Buffett’s annual letters to Berkshire Hathaway shareholders and rearranged them by topic, including corporate governance, investing, common stocks, acquisitions, accounting, valuation and taxes. The result reads like a course in Buffett’s thinking.

It opens with the principles behind Berkshire: shareholders are partners and owners, managers should think like owners, and reporting should be candid, including about mistakes.