Warren Buffett wrote a letter on why a seller should sell his business to his firm

Read Berkshire Hathaway shareholder letters from 1977 on

Each year, Berkshire Hathaway’s shareholder letters are eagerly anticipated by employees and Buffett fans alike. A resource lists every single letter from 1977 and is great for anyone seeking a peek behind the curtain into Buffett’s brain through years of stock market booms and busts.

The Wall Street Journal compiled the best parts of Warren Buffett's annual letters

Over the years, Buffett has quoted Yogi Berra and Mae West, as well as country songs and the Bible. Many turn to his letters as a source of inspiration and wisdom.

One of Warren Buffett’s investing principles is investing in well-managed companies

The "Founders" podcast reviews biographies of the world’s top entrepreneurs, and this episode explores a 2012 book about Warren Buffett. The episode includes Buffett's advice on becoming a better business manager and investor.

Amazon sends its first-ever letter to shareholders every year

The first letter to Amazon’s shareholders, written by founder and then-CEO Jeff Bezos in 1997, is a key part of the Amazon story—laying out the company’s long-term approach to the business and several of its core operating values. Bezos emphasizes, for example, Amazon’s plan to start with a bookstore but to evolve into a much larger ecosystem.

In 1965, Warren Buffett took over Berkshire Hathaway, a failing textile company

After buying bulks of its stock, Buffett then flipped Berkshire Hathaway into the most successful and largest holding company in the world, which owns companies like Geico, Duracell, and Fruit of the Loom.

Buffett is known for being extremely generous with his fortune

So generous that in 2010 he pledged to donate 99% of his money. He said this money “can have a huge effect on the health and welfare of others.” This letter is Buffett’s philanthropic pledge, which details his commitment to giving and how luck and privilege helped him accumulate so much money.

Warren Buffett's advice for middle-class investors includes "pay yourself first"

Warren Buffett might not be part of the middle class himself (he's one of the richest people in the world), but he still knows a thing or two about everyday personal finance tips. This article chronicles his six best pieces of advice for the middle class.

Warren Buffett was famously anti-tech stock during the 1990s dot-com boom

Buffett said that tech is something that Berkshire Hathaway doesn't "understand, so we don't invest in it." This philosophy led him not to invest in Yahoo or Microsoft during this time. (Some readers may experience a paywall.)

Who was Buffett’s right-hand man, Charlie Munger?

Charlie Munger was vice-chair at Berkshire Hathaway until his death in 2023. He was a close business partner and friend of Buffett who helped lead, influence, and execute many of the guiding investing principles Buffett lived by. Munger helped turn Berkshire Hathaway into the success it is today.

Warren Buffett's former professor Benjamin Graham is known as the 'father of value investing,' a strategy in which investors seek to buy stocks trading below their intrinsic worth.

Warren Buffett once referred to David Ogilvy as a genius

Buffett also owned stock in Ogilvy & Mather, David Ogilvy's advertising agency. This podcast episode dives into an overview of one of Ogilvy's best-selling books, "Confessions of an Advertising Man," which he wrote in part to grow his agency business.

Amazon founder Jeff Bezos emphasizes worrying about customers rather than competition

In a 1999 shareholder letter, Bezos wrote, "I constantly remind our employees to be afraid, to wake up every morning terrified. Our customers have made our business what it is, and we consider them to be loyal to us – right up until the second that someone else offers them a better service." Motivated by fear, the entrepreneur advocates consistent innovation, experimentation, and improvement to create a better customer experience.

What business leaders can learn from Stephen King

Stephen King's "On Writing" is one of the definitive craft books, a subgenre of nonfiction aimed at writers looking to learn from the titans of literature. This podcast explores the book's lessons from a business perspective, gleaning lessons in leadership from King's famous text.

A letter to Ethereum’s community from an early builder

Fuel Network CEO Nick Dodson writes about his experience as an early app builder on the Ethereum blockchain. He talks about why he perceives Ethereum as being different from rival blockchains like Solana, espousing the ethos and “spirit” of the Ethereum network and community. At the same time, he lays out some hopes he has for the future of Ethereum in a telling peek into an Ethereum insider’s brain. Read the letter here.

Mark Zuckerberg was nearly fired from his own company after refusing to sell Facebook to Yahoo for $1B

In 2006, Yahoo tried to buy Facebook for $1B. Despite enthusiasm from nearly all of Facebook's management team and board (which included PayPal cofounder and famed investor Peter Thiel at the time), then 22-year-old Zuckerberg turned down the offer, insisting that Yahoo undervalued the company and didn't have a clear vision for the future. Zuckerberg has since said he regrets not being clear about his intentions to grow the company with his team before the Yahoo bid, as almost all of the company's management team left after he turned down the offer.

‘The Kandy-Kolored Tangerine-Flake Streamline Baby’ was a letter to an editor

Wolfe pitched a story about custom-made cars to Esquire with a satirical angle. While struggling to actually put the piece together, he explained to the editor what he wanted it to be. The editor published the letter as is, removing the greeting. The seminal article became a book of essays.

Hear why one short seller thinks short selling is now more important than ever

Carson Block runs an investment research firm and hedge fund, Muddy Waters Research and Muddy Waters Capital. Block is known for being an activist investor focused on identifying fundamental business problems that might cause a stock to be overvalued. Block says a decrease in investigative financial journalism, deregulation, and less oversight of businesses overall have increased the scope and scale of fraud, making short sellers that suss out overvalued stocks incredibly important.

Kurt Vonnegut's letter to the school board that banned his book

In 1973, a high school English teacher in North Dakota taught Kurt Vonnegut's "Slaughterhouse-Five," the classic time-hopping novel about World War II and the bombing of Dresden. The head of the school board was outraged by what he considered to be obscene material in Vonnegut's novel and ordered all of the students' copies of the book burned. When Vonnegut caught wind of those plans, he wrote this letter to the school board, protesting the decision.

Private equity deals sometimes come with layoffs

To increase profits, private equity firms often try to streamline and consolidate operations within the companies they acquire as much as possible. They also often alter company business models, expanding into new product offerings and markets that could necessitate team changes.

A guide to the MBA admissions process

From taking the GMAT or GRE to securing letters of recommendation from academic and professional references, the business school application can be a lengthy one. This article from the Princeton Review highlights the key things you need to do to apply to most MBA programs in the US.

Consulting is more than just giving advice

A deep-dive article from Harvard Business Review argues that many clients of consulting firms need to ask more from these firms and to understand their capabilities, which range from accounting to growth strategy and more.

Some people don't like talking about life insurance—perhaps because they fear death

But CBS News business analyst Jill Schlesinger makes a case for why life insurance is worth discussing anyway on this "CBS Mornings" segment. She also reviews the different types of life insurance, who can be a beneficiary, and other basics.

Later in life, Washington privately grew critical of slavery—while continuing to uphold it publicly

His private letters increasingly described slavery as unjust and incompatible with Republican ideals, and his final will ordered the eventual emancipation of those he legally owned. At the same time, he enforced slave labor, signed pro-slavery laws, and took no public action to dismantle the system.

'Why am I trying to become what I don't want to be … when all I want is out there, waiting for me the minute I say I know who I am.'

-Author Arthur Miller (1915-2005) in "Death of a Salesman"

How a pencil-making company helped fund Thoreau's books

Thoreau's father ran a pencil-making business, designing a model that dominated the American market and paid for his son's Harvard education. Later, Henry David Thoreau would use the business to fund the publication of his two books, "A Week on the Concord and Merrimack Rivers" and "Walden."

A 'bilateral monopoly' occurs when there's one supplier and one buyer in a market

Bilateral monopolies are often used to conceptualize labor markets in small towns. Using this concept, large employers have a monopoly over the labor market, while workers have a monopsony as the only available laborers.

How Amazon operates a 'flywheel' business model, a self-reinforcing cycle that drives continuous growth

A Yale student wrote a profound essay about the consulting industry's influence on elite college students that was published in a book of her writing after she died in a post-graduation car accident.

Hedge funds, the private investment firms that trade a wide swath of financial assets, make money by imposing steep fees on investors and from the fund's investment performance.

20,000 letters to the advice columnist 'Dear Abby' provide insight into prevailing sex, religion, and LGBTQ fears, anxieties, and concerns from the 1950s onward.

In 1939, baseball star Lou Gehrig delivered his inspirational 'Luckiest Man' speech after retiring due to the health condition that now bears his name.

SpaceX's S-1 or 'prospectus' revealed many previously unknown details about the company, including its unprofitability despite doing $18.7B in revenue in 2025, exactly how many voting shares Elon Musk will have in the company (roughly 85%), and more.

Frank Lloyd Wright's houses are historically hard to sell because they're old, subject to local landmark commissions, and often unfashionable

Watch this video that uses Lego bricks to explain how venture capital works.

Famed poet TS Eliot rejected the manuscript for George Orwell's political fable 'Animal Farm,' writing that its criticism of authoritarianism was not 'the right point of view.'

Dozens of S&P 500 stocks, including Coca-Cola and Walmart—known as the dividend aristocrats—have increased dividends every year for 25 years

Mark Twain spent decades feuding with the US Postal Service, convinced its costs and regulations were bureaucratic overreach.

In 2025, four executives from large tech companies were given positions in the US Army Reserves—including Palantir Chief Technology Officer Shyam Sankar, which reinforced Palantir's ties with the US military and its role as a leading defense partner.

Budweiser stores yeast derived from the original 1800s strain in a secret bunker, which only the Head of Yeast Management can access—not even the CEO

Up to a million Girl Scouts sell about 200 million cookie boxes every spring, generating $800 million, largely because refusing a child is frowned upon

Meet the 56 signers of the Declaration of Independence—most of whom didn't put pen to paper until August 2, 1776—and see their original signatures.

After her fellow cult members tried to kill her with an LSD-infused hamburger, one member of the Manson Family, the murderous cult led by Charles Manson, decided to testify against the group's leader.

See a ranking of the best (and worst) Federal Reserve Chairs since 1914 out of the 16 men and women who have held the office since.

The Brothers Grimm were lawyers before they were storytellers, and became interested in fairy tales as they began investigating how rules and customs had been passed down through cultures.

SpongeBob exemplifies Aristotle's philosophy for living well because he understands that happiness doesn't come from external factors like money, recognition, or power.

A small portion of The Winstons' 'Amen, Brother,' an obscure '60s gospel record, is the basis for thousands of hip-hop tracks, making it one of the most sampled records ever that's informally known as 'the Amen break.'

Domino's Pizza's 30-minute delivery guarantee was responsible for the chain's 1980s surge, but it was discontinued after the company was found liable for delivery driver accidents.

The Great Salt Lake's distinct dual coloration results from high-salinity organisms that only live in the northern portion and produce a purple protein.

Gerrymandering works through two techniques: cracking opposing voters across districts to dilute their power, and packing them into a few to waste their votes in lopsided majorities.

Learn how monoclonal antibodies, which mimic the body's antibodies, can fight diseases like Ebola.