Walking Through Buffett's Letters: Value Investing Learning Portfolio
Episodes
1994 Buffett: Fear is the Enemy of the Trend-Follower, the Friend of the Fundamental Investor | Ted Williams' Baseball Sweet Spot
17 May 2026
Contributed by Lukas
This episode comprises the 1994 Berkshire Hathaway Annual Report, featuring financial statements and the Chairman’s Letter authored by Warren Buffet...
1993: Abner, the Gold Digger, and the Silver Dollar | Buffett on Coca-Cola and the Market Weighing Machine
10 May 2026
Contributed by Lukas
The 1993 Berkshire Hathaway Annual Report outlines the company's performance as a diversified holding company led by Warren Buffett and Charlie Mu...
1992: Buffett Kicks the “Toad” Addiction | Capital Allocation: The Power of Not Being in a Hurry
06 May 2026
Contributed by Lukas
The 1992 Berkshire Hathaway Annual Report outlines the company's financial health, diverse business segments, and core management philosophy. Unde...
1991: From "Economic Franchises" to "Double-Dip" Windfalls | The Interim Chairman at Salomon
25 Apr 2026
Contributed by Lukas
This episode is about the 1991 Berkshire Hathaway Annual Report, featuring Warren Buffett’s comprehensive Chairman’s Letter and detailed financial...
Berkshire 1990: Wall Street Tricks and Junk Bonds, the Knife on the Wheel, and Buffett’s Earnings Iceberg Revisited
19 Apr 2026
Contributed by Lukas
The 1990 Berkshire Hathaway annual report details the company's diverse operations and financial performance under the leadership of Warren Buffett an...
The Bird in the Bush and 25 Years of Mistakes: Buffett’s 1989 Masterclass on Intrinsic Value and Retained Earnings
11 Apr 2026
Contributed by Lukas
The 1989 Berkshire Hathaway Annual Report outlines the company's diverse business operations, ranging from its primary insurance and reinsurance s...
1988 Coca-Cola Debuts | Buffett Smashes the Illusion: Berkshire Reveals GAAP Accounting Tricks
04 Apr 2026
Contributed by Lukas
The 1988 letter to Berkshire Hathaway shareholders outlines the company’s financial performance, highlighting a significant increase in net worth de...
Buffett’s Sainted Seven in 1987: Indestructible Cash-Generating Moats | Why Mr Market Loves Black Monday
28 Mar 2026
Contributed by Lukas
In his 1987 letter to shareholders, Warren Buffett details the exceptional performance of Berkshire Hathaway, emphasizing that the company's busin...
"Be Fearful When Others Are Greedy" – Buffett’s 1986 Masterclass on Spotting Cash Flow Traps
21 Mar 2026
Contributed by Lukas
This 1986 letter to Berkshire Hathaway shareholders reports a significant 26.1% gain in net worth, driven largely by the exceptional performance of su...
Buffett’s 1985 Masterstroke: Cap Cities’ "Goliath" Takeover of ABC & A Final Farewell to Textiles
14 Mar 2026
Contributed by Lukas
This episode is about 1985 Berkshire Hathaway Annual Report, featuring a detailed letter from Chairman Warren Buffett that outlines the company’s fi...
Buffett's 1984 Masterclass: Intrinsic Value, Capital Allocation, and the Art of The One Dollar Rule
07 Mar 2026
Contributed by Lukas
This episode comprises the 1984 Berkshire Hathaway Annual Report, featuring a detailed letter from Chairman Warren Buffett alongside consolidated fina...
1983 Must-Read: Buffett's "New Testament"– The Legend of Mrs. B, Nebraska Furniture Mart, and True Economic Goodwill
28 Feb 2026
Contributed by Lukas
This episode comprises the 1983 Berkshire Hathaway Annual Report, featuring a detailed letter to shareholders that outlines the company’s core busin...
Warren Buffett's Master Class: Reason vs. Adrenaline Clash | 1982 Pascal's Wager Room, Lemming Madness, and "Trading Gold for Lead"
21 Feb 2026
Contributed by Lukas
The 1982 Berkshire Hathaway Annual Report outlines the company's financial performance, specifically highlighting a decline in operating earnings ...
1981 Sweet Ark: See's Candies – The Hidden Gem Shining Bright | Buffett's Perfect Business Answer:The Oracle's Ideal Business Blueprint | Princess Kiss Valentine's Special
14 Feb 2026
Contributed by Lukas
The 1981 Berkshire Hathaway Annual Report documents the company's financial state and strategic philosophy during a period of significant economic...
1980 Berkshire "Profit Iceberg" Hidden Depths Revealed – Buffett's True Method to See Real Earnings | GEICO Stealth Mode Crushing 40% of Total Profits
07 Feb 2026
Contributed by Lukas
In his 1980 shareholder letter, Warren Buffett evaluates Berkshire Hathaway’s performance, emphasizing that economic reality often differs from stan...
Buffett 1979: The End of "Cigar Butts" | Why Turnarounds Seldom Turn & The Misery Index
31 Jan 2026
Contributed by Lukas
The 1979 shareholder letter provides a comprehensive look at Berkshire Hathaway’s fiscal performance, emphasizing return on equity over traditional ...
Buffett’s 1978 Masterclass: Accounting Reality v.s. Economic Reality
24 Jan 2026
Contributed by Lukas
The 1978 Berkshire Hathaway Annual Report details a transformative period marked by the year-end merger with Diversified Retailing Company, which nece...
1977: The Hidden Turning Point When Buffett's Money-Printing Engine Started Roaring
17 Jan 2026
Contributed by Lukas
This 1977 shareholder letter provides a comprehensive review of Berkshire Hathaway’s financial health and the performance of its diverse business se...
1976 Turnaround: Berkshire's Media Empire Grows | Upgraded Stock-Picking Rules
10 Jan 2026
Contributed by Lukas
The 1976 Berkshire Hathaway Annual Report details a year of significant recovery, highlighting record operating earnings and a healthy 17.3% return on...
Unveiling the Veil Behind Berkshire Hathaway's Compounding Myth | The Golden Rules of Stock Picking Forged in the Oracle's Darkest Period (1975) – Core Underlying Logic Refined Through Adversity
03 Jan 2026
Contributed by Lukas
This episode is about the 1975 Annual Report for Berkshire Hathaway Inc., featuring a detailed Chairman’s Letter from Warren Buffett and comprehensi...
Buffett's Reckoning | The 1974 Insurance Crisis
27 Dec 2025
Contributed by Lukas
The provided documents constitute the 1974 Berkshire Hathaway Annual Report, detailing the firm's diverse operations in textiles, insurance, and b...
Hidden Gems within the Shell: Buffett’s Tiered Architecture in 1973
20 Dec 2025
Contributed by Lukas
This episode is about Berkshire Hathaway Inc. 1973 Annual Report to the Stockholders, encompassing the Chairman's Letter by Warren E. Buffett, the...
The Insurance Price War of the 70s: Buffett’s $20M Strategic Sniping | 1972
13 Dec 2025
Contributed by Lukas
This episode is about Berkshire Hathaway Inc. 1972 Annual Report to the Stockholders, specifically covering the 52 weeks ended December 30, 1972. The ...
1971 Buffett's New Era Capital Allocation Blueprint | Discipline Before the Storm
06 Dec 2025
Contributed by Lukas
The source material consists of the 1971 Annual Report for Berkshire Hathaway Inc., featuring a detailed message from Chairman Warren E. Buffett dated...
1970 Buffett Partnership Ends and Berkshire Era Begins | Bonus: Warren Buffett's Master Bond Class
29 Nov 2025
Contributed by Lukas
This episode is about two key communications from Warren E. Buffett during 1970 and early 1971: a detailed annual report for Berkshire Hathaway Inc. a...
1969 Buffett Shut Down BPL - Integrity and Exit Plan
22 Nov 2025
Contributed by Lukas
This episode is about four letters from Warren E. Buffett to his Buffett Partnership, Ltd. (BPL) partners in 1969, detailing his decision and plan for...
The "Freak" Year: How a Value Partnership Crushed the Dow with a 58.8% Gain Amid 1968's Speculative Mania
15 Nov 2025
Contributed by Lukas
These sources are excerpts from two letters written by Warren E. Buffett to the limited partners of Buffett Partnership, Ltd. (BPL), summarizing the p...
1967: The Paradoxical Year Buffett Smashed His Goals While Publicly Quitting the "Treadmill Speed"
08 Nov 2025
Contributed by Lukas
This episode is about Buffett Partnership, Ltd. (BPL) correspondence document the firm's performance and strategic changes throughout 1967. The fi...
Buffett 1966 Stress Test: The Investment Wisdom That Beat a Market Collapse and Built a Ten-Year Juggernaut
01 Nov 2025
Contributed by Lukas
This episode is about letters from Warren Buffett of Buffett Partnership, Ltd. (BPL) to his partners, detailing the partnership’s investment perform...
1965 Berkshire Hathaway, The Sorrows of Compounding, and Buffett's Radical 40% Concentration Rule
25 Oct 2025
Contributed by Lukas
This episode is about letters by Warren E. Buffett to his partners at Buffett Partnership, Ltd. (BPL) detail the firm's financial performance and ...
The Manhattan Purchase, The Duck, and The 36-Inch Yardstick: Decoding Buffett's 1964 Blueprint for Rational Investing
25 Oct 2025
Contributed by Lukas
These excerpts from letters to partners of Buffett Partnership, Ltd. (BPL) summarize the firm's financial performance and investment philosophy du...
The Two-Way Stretch: How 1963's 38.7% Partnership Return Was Built on Arbitrage, Activism, and the Power of Compounding
13 Oct 2025
Contributed by Lukas
These source excerpts, taken from Buffett Partnership, Ltd. letters spanning 1963 and early 1964, detail the partnership's strong investment perfo...
1962 Dempster "Shedding Feathers for New Wings": Buffett’s 14% Gain in a 22% Market Crash
04 Oct 2025
Contributed by Lukas
These sources are excerpts from partnership letters by Warren E. Buffett for Buffett Partnership, Ltd., dated between July 1962 and January 1963, deta...
1961 Buffett's Blueprint: How Control Situations and Dempster Mill Built 181% Gains in the Early Partnership Years
27 Sep 2025
Contributed by Lukas
These sources consist of two letters from Warren E. Buffett to his partners in Buffett Partnership, Ltd., detailing the fund's operations and fin...
Unlocking Buffett‘s 1960 Secrets Sanborn Map and the Art of Beating the Market
20 Sep 2025
Contributed by Lukas
This 1960 letter from Warren E. Buffett discusses the performance of his investment partnerships compared to the general stock market. Buffett expla...
Buffett's 1959 Paradox: Unpacking Early Insights for Timeless Investing Wisdom
13 Sep 2025
Contributed by Lukas
The provided text, an excerpt from a 1959 letter by Warren E. Buffett, offers an in-depth analysis of the general stock market in 1959 and a revie...
Buffett's 1958 Mindset: Unpacking Early Value Investing Lessons for Today
06 Sep 2025
Contributed by Lukas
This text presents a letter from Warren E. Buffett dated February 11, 1959, offering insights into the stock market of 1958 and his investment st...
Buffett‘s 1957 Masterclass: Unpacking Early Wisdom in a Down Market
30 Aug 2025
Contributed by Lukas
This 1957 letter from Warren E. Buffett, addressed to his limited partners, provides an overview of the stock market during that year and details ...