New Wisdom from Berkshire Hathaway

It’s no secret that I’m a huge fan of Warren Buffett (and his business partner Charlie Munger, too). That’s why I eagerly await the release of Berkshire Hathaway’s annual shareholder reports. The latest version — released just a few days ago and available online in its entirety — is really written to a bigger audience than usual. After all, Berkshire ‘B’ shares were recently split into much more affordable units and their subsequent addition to the S&P 500 index means that practically anyone with a…