Wednesday, March 20, 2013

Michael Steele Takes a Closer Look at Warren Buffett's Annual Shareholder Letter

With the 2013 installment of Warren Buffett's annual letter to Berkshire Hathaway ($BRK-A, $BRK-B) shareholders hitting the Internet recently, plenty of stories have been published highlighting the most quotable passages from the letter. News articles abounded with the best examples of Buffett's traditional wisdom and wit.  But Michael Steele delves deeper into the letter and finds six more notable passages that nobody else is talking about.

Why is nobody talking about Buffett's demand that we bow down before his lieutenant?  Or Buffett's false assertion that hamburgers and Chinese food cannot co-exist in one restaurant?  Or Buffett throwing down and trash talking one of his company's biggest rivals in the insurance industry?  Because most financial commentators do not analyze Buffett's writing with the skill and tenacity of Michael Steele.

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