Letter to BRK shareholders 1996

Dive into the insightful journey of Berkshire Hathaway's 1996 fiscal year, where Chairman Warren Buffett unpacks the company's substantial net worth growth of $6.2 billion, a remarkable 36.1%. This episode sheds light on the intricate financial maneuvers and strategic acquisitions, like FlightSafety International, that propelled this growth. Buffett offers a candid view of the company's recalibrated financial statements and the impact of fully acquiring GEICO. He also discusses the nuanced world of investment, sharing his philosophy on selecting stocks and the importance of understanding intrinsic value. Get an exclusive look at Berkshire's various business segments, from insurance operations to common stock investments, and understand the rationale behind their investment choices. Buffett's reflective narrative doesn't shy away from admitting past investment errors, providing a unique learning opportunity for listeners. Tune in for an episode that not only chronicles a year of financial triumphs and challenges but also offers a masterclass in investment thinking from one of the world's most successful investors.