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Letter To Berkshire Shareholders (First Draft) (Short Story)

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Let them eat credit default swaps.

Warren Buffett’s partner is in a crotchety mood. He’s fed up with ordinary people thinking they can get rich off the sweat of others. Who do they think they are? Hedge fund managers?

“Letter to Berkshire Shareholders (First Draft)” is a businesslike corporate story. Think of it as a moral bailout.

Can Warren Buffett make the truth more palatable?

‘If you have a 150 IQ, sell 30 points to someone else. You need to be smart, but not a genius.’ Warren Buffett

‘Vola...