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Warren Buffett's annual letter to shareholders is required reading on managing investors

For decades now investors have pored over Warren Buffett’s annual letter to shareholders, hoping to soak up whatever wisdom they can from the business icon. Every year Buffett uses the letter to muse on economic cycles, as well as the perennial investing principles that have powered Berkshire Hathaway Inc. into an enterprise valued at almost $1 trillion

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Berkshire Hathaway Inc. 2023 Shareholder Letter

Berkshire Hathaway Inc. 2023 Shareholder Letter
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Berkshire paid $2.6 billion for Haslam family's remaining 20% Pilot stake

Berkshire Hathaway, the conglomerate led by billionaire Warren Buffett, paid $2.6 billion last month for the 20% of the Pilot Travel Centers truck stop business it did not already own, after resolving a lawsuit over the price. The price means Berkshire paid about $13.6 billion for Pilot, which operates more than 725 locations in the U.S. and Canada, and sold 13 billion gallons of fuel in 2022. Berkshire disclosed the purchase price in its annual report on Saturday.

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