Annual Letter 2002-2003


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Berkshire Hathaway Letters to Shareholders


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Warren E. Buffett first took control of Berkshire Hathaway Inc., a small textile company, in April of 1965. A share changed hands for around $18 at the time. Fifty letters to shareholders later, the same share traded for $226,000, compounding investor capital at just under 21% per year-a multiplier of 12,556 times. This book compiles the full, un-edited versions of 50 years of Warren Buffett's letters to the shareholders of Berkshire Hathaway. In addition to providing an astounding case study on Berkshire's success, Buffett shows an incredible willingness to share his methods and act as a teacher to his many students. There are hundreds of books about Buffett's life, advice, and methods. These are his actual letters -- word for word -- a "lesson plan" of his views on business and investing. You can find most of the letters for free on Berkshire's website, but this compiles them into a well-designed, easily readable format. Features of the book: * 50 years of Warren Buffett's letters to the shareholders of Berkshire Hathaway (769 pages), including 1965-1976 letters not available on Berkshire's website * Tabulated letter years so you can easily flip to the desired letter * Topics index * Company index * Person index * Charts of: Growth in Berkshire's book value and market price relative to benchmarks, Insurance float and performance, the operating businesses of Berkshire.







FCC Record


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Legislative Calendar


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Minerals Yearbook


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Landmine Monitor Report


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Action Action Action


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Over one hundred and fifty years ago, on 1st August 1871, the Colony of New South Wales raised its first permanent Battery, known as the New South Wales Artillery. This battery complemented existing colonial volunteer batteries. The previous year, the last British forces had departed for England, leaving the young, dynamic colonies across Australia to uphold their own defences. This occasion marked the origins of the substantive, permanent presence of professional Australian artillery soldiers – a presence that endures to this day as the Royal Regiment of Australian Artillery. In the years that have followed, Australian Gunners have served their country in war and in peace; abroad, and in the defence of their homeland, with honour and dedication, and will continue to do so into the future. 1st August 2021 marked a century and a half of unbroken dedication in the service of our community and the Nation by Australia’s Gunners – Volunteer, Militia, Reserve, Permanent and Regular; at home, and in far-off lands; defending assaults from the sea, in the sky, and on land; and advising, defending and supporting our comrades-in-arms through summoning and orchestrating devastating fires and effects that are accurate, responsive, dependable & joint. These are, and will remain, the tenets of the Royal Regiment of Australian Artillery in all its forms. This is the story of Australia’s Gunners – so far.