Warren Buffett, Benjamin Graham, Charlie Munger–Shareholder letters 1957-1970 by Jeff Widman

May 10, 2008

Warren Buffett, Benjamin Graham, Charlie Munger–Shareholder letters 1957-1970

Two years ago, Dan Grossman posted about the Warren Buffett shareholder letters on his (now defunct) blog.

Finally, I have copies of all of Buffett’s annual reports from 1957-1970. They’re spectacular; if you’d like a copy, let me know and I’ll send them to you. Unfortunately, I was asked not to post them publicly, though I’m told that emailing is OK.

He’d received the letters from Brad Feld.

I commented on the post and Dan graciously shared the letters. I also checked the box to receive e-mail notifications of new comments on the thread. Today, two years later, I continue to receive notifications and direct e-mails from people looking for the letters. (Perfect example of the Long Tail at work.)

The letters clearly say it’s not okay to post them, but, like Dan, my understanding is it’s okay to e-mail them. Leave a comment on this post if you want a copy and I’ll email them to you… and thank-you comments are always appreciated. (If I’m in error posting them, just let me know.)

(Note: You can find PDF’s of the more recent letters (post 1977) here: http://www.berkshirehathaway.com/letters/letters.html, and the text of the 1969-1976 letters here: http://stableboyselections.com/2008/08/25/the-missing-berkshire-hathaway-letters-1969-1976/.)

I also have a copy of Charlie Munger’s speech entitled Academic Economics: Strengths and Faults After Considering Interdisciplinary Needs presented to the University of California, Santa Barbara Economics Department on October 3, 2003.

Update: These are the Warren Buffett partnership letters–not the Berkshire Hathaway letters form 1970 to 1979, or the Bluechip Stamps letters. I don’t have the Bluechip Stamps letters, and I’m not sure where to get them.

Comments

JP Adams said on May 20, 2008 at 12:57 am:

Thanks for the note on the Buffet letters.

I would like to write a post on my blog to link Charlie's Rose's interview of Buffet…

http://www.charlierose.com/activity/most-popular (7 one down)

…with how he runs his company.

Match the voice to the action, if you will.
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JP Adams said on May 20, 2008 at 5:57 am:

Thanks for the note on the Buffet letters.

I would like to write a post on my blog to link Charlie's Rose's interview of Buffet…

http://www.charlierose.com/activity/most-popular (7 one down)

…with how he runs his company.

Match the voice to the action, if you will.
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Glenn D'mello said on May 21, 2008 at 8:49 pm:

Hi,Could you please send me the letters?

I'm interested in reading them to find out about Warren Buffet's thinking about the economy and maybe get some hints as to what made him one of the most successful fund managers.Thanks.
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Jeff Widman said on May 26, 2008 at 4:59 am:

Sure–e-mail sent.
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dan said on June 9, 2008 at 12:47 am:

Hey,

Can you send me the emails as well?

Thanks,

Dan
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Jeff Widman said on June 12, 2008 at 3:11 am:

E-mail sent.
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eric boroian said on June 15, 2008 at 2:04 am:

Hello,

Could you please send me the emails too if you have a chance?

Thanks a lot,

Eric
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Mads said on June 16, 2008 at 3:33 am:

Hello Jeff

I would very much appreciate if you could send med the 1957 and 1958 letters from BPL. I have the all of the other letters, except for those two years. I find original material to be much more informative and a much better source for learning, compared to commentary from third persons. Also it would be nice with a full collection 🙂

I would also very much like a copy of Munger's speech.

If you could send the documents to my e-mail I would be thankful.

Thank you for your inconvenience,

Mads
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wang xiong said on June 19, 2008 at 2:47 pm:

Hello Jeff

I would very much appreciate if you could send me the 1957 and 1958 letters from BPL. I have the all of the other letters, except for those two years.

I would also very much like a copy of Munger’s speech.

If you could send the documents to my e-mail I would be thankful.

Thank you for your inconvenience,

wang(come from china ??)
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Srini Yerra said on June 22, 2008 at 3:31 am:

Hi,

Could you please mail me the BPL letters?

Thanks,
Srini
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Peter S said on June 30, 2008 at 1:33 am:

Hi Jeff,

I would love a copy of Mr. Buffett's letters you mention as well Mr. Munger's speech. I am a huge fan, like you, of the two great investors and I relish in reading their words. Thanks in advance for your generosity!
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Jeff Widman said on July 9, 2008 at 3:41 am:

I think I caught up on everyone now–let me know if you didn't get a copy and still want one.
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Marcos H said on August 27, 2008 at 12:00 pm:

Hello Jeff,

Could you please send me the emails too?

Thanks a lot,

Marcos
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Jeff Widman said on August 29, 2008 at 4:47 pm:

Sent.
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Priya said on August 30, 2008 at 4:48 am:

Hi Jeff,

Thanks very much for offering to share these letters. Would be grateful if you can send me a copy of the 1957-70 letters when you get a chance.

I have been investing actively for about five to six years now and reading Mr Buffett has not only improved my returns but has also increased my belief that living with integrity and wisdom is actually the real wealth worth having. I would love to read everything this exceptionally wise gentleman has written.

Regards
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Jeff Widman said on September 1, 2008 at 5:17 am:

Priya,

E-mail sent.

Enjoy!
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Jean-Philippe Engel said on September 4, 2008 at 7:34 am:

Hello Jeff

I would appreciate if you could send me the partnership letters as well as the Charlie Munger’s speech.

Thanks,

Jean-Philippe
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michael chang said on September 15, 2008 at 4:39 pm:

Hi, Jeff

I think I am a serious investor and also fan of Warren Buffett and Charlie Munger, so those partnership letters as well as Charlie's speech is very attractive to me. I would be very appreciate if you could send me those stuff.

Many thanks!

Michael
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Rick said on September 24, 2008 at 2:52 am:

I would like to see how Buffetts thinking had started to evolve.
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Jeff Widman said on September 25, 2008 at 3:46 pm:

E-mails sent!
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Bob H said on October 3, 2008 at 9:38 pm:

Jeff,

I am big fan of Warren Buffet. I'd love to get a copy those letters and Munger’s speech.

Thanks,

Bob
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Sam said on October 11, 2008 at 1:24 am:

Long tail indeed! Thanks for keeping these alive. I'd love a copy of these letters as well if you don't mind.
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Robert said on October 14, 2008 at 7:19 am:

Hi Jeff,

Would you please send me those letters?

I am reading "The Snowball" and "The Memoirs of the Dean of Wall Street". It is quite interesting reading them in parallel. It would be nice to be able to refer to those letters.

Thanks!

All the best,

Robert
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Jim said on October 16, 2008 at 4:00 pm:

Hi Jeff,

Could you please send me the partnership letters as well as the Charlie Munger’s speech. It would be appreciated very much.

I have been reading the letters about Mr. Buffett for many years except the partnership letters. I am so interested in what he thought about investment when he was young and had small capital. It could be very helpful for my personal investment in such a hard time today.

Thank you very much!

Jim

Regards!
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Bryan said on October 18, 2008 at 2:13 am:

Hi Jeff,

I was wondering if I could also get a copy when you get a chance. Thanks

Bryan
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Bryan said on October 18, 2008 at 2:14 am:

Hi Jeff,

I was wondering if I could also get a copy of the letters. Much appreciated. Thank you.

Bryan
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Edward Kissel said on October 19, 2008 at 8:49 am:

Hey, would you mind emailing me the partnership letters. I am a long time buffett fan but I've had trouble finding any of the letters besides the Berkshire Hathaway ones. I'd really appreciate it!

EK
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Ajay said on October 23, 2008 at 1:37 am:

Hi Jeff,

Would you please send me a copy of the Buffett partnership letters along with Munger's materials as well?

I greatly admire Buffet and would love some insight into his early investment career.

I am in the middle of reading Snowball at the moment and am in complete awe of this man's intellect and skill.

Thanks a lot!

Best,

Ajay
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Jeff Widman said on October 30, 2008 at 10:02 am:

E-mails sent. I check here every so often, but if you want a faster response, you can always send me an e-mail.
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surethink said on November 1, 2008 at 1:48 pm:

Hi Jeff,

I'am reading about the snow ball:warren buffett and the business of life.From the book,I know there are warren buffett's partner letters I have not read, so please send me a copy of the Warren Buffett partnership letters.

thank you very much!

waiting for your email??
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tonyoz said on November 5, 2008 at 9:28 am:

Please send me the letters over here in Australia.

Reading The snowball, I read that Charlie Munger also issued letters about life and practices, separately to his investor letters. Do you know anything of Munger's episltles?

Thanks in advance
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Rohit said on November 10, 2008 at 2:34 pm:

Hi Jeff,

Could you please send me the letters?

Thanks in advance
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Jeff Widman said on November 19, 2008 at 8:45 pm:

Caught up with everyone.
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Denis said on December 1, 2008 at 5:36 am:

Hello Jeff,

Please send me the letters. Very much appreciated. Thanks for sharing the knowledge.

Denis
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Brent Adams said on December 2, 2008 at 11:14 pm:

please send me the Buffett Partnership Letters.

Thanks, Brent Adams
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Frank said on January 7, 2009 at 2:57 am:

Hi Jeff,

Please send me the letters. Very much appreciated. I will also send you an email. Thanks a lot!

Frank
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cacavy said on January 8, 2009 at 5:47 pm:

Hi,Jeff

how are you doing!

I am a Buffet freak form China,you must know this country for 2008 Olympic Game.

I am so appreciate that if you could mail 1957-1977" buffet's annual letter to shareholders" to me ,my e-mail address is cacavy@gmail.com.Thank you so much!

a friend from China
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Chris said on January 9, 2009 at 2:12 am:

Hi Jeff,

could you please send me the Buffett letters (1957-1970)?

Thanks very much in advance

Chris
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katie said on January 16, 2009 at 7:00 am:

Caught up.
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Todd Sullivan said on January 18, 2009 at 2:33 pm:

Could you email me the letters? It would be great to read and have them
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Todd Sullivan said on January 18, 2009 at 2:34 pm:

Could you email me the Buffett letters?
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katie said on January 22, 2009 at 5:41 am:

Caught up on this week's requests.
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Anirudh said on February 1, 2009 at 4:14 am:

Hi can you please send me a copy of the letters.I would love to read them…….
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Nick said on February 1, 2009 at 6:54 am:

Jeff,

Thank you for sharing. Could i trouble you for a copy of the pre 1977 letters as well. Thanks again.

Nick.
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Kyle said on February 3, 2009 at 3:39 am:

Hello, If you get the chance, could you please send the the Buffett Partnership letters? Thank you very much.
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Craig said on February 4, 2009 at 1:45 am:

Hello there,

I'd love a copy of what you're sending if you can spare a moment. Thanks a lot in advance!

-Craig
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katie said on February 5, 2009 at 6:10 am:

Caught up on sending letters to recent requests.
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Rei said on February 24, 2009 at 6:09 pm:

Hi,

I would be very grateful to receive a copy of these letters as well as Munger's material.

Thank you!

-rei
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dennis said on February 24, 2009 at 10:49 pm:

can you kindly give me one copy? thanks very much!
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katie said on February 25, 2009 at 1:55 pm:

Emails sent.
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