Lessons for Fund Investors from Buffett's Annual Letter

Mar 11, 2005

One of the most anticipated days of the year for many investment junkies is the one on which Berkshire Hathaway's BRK.B Warren Buffett releases his annual missive to shareholders. There's a lot that fund investors can glean from his musings. And it's no different this year: Buffett's latest letter is filled with useful anecdotes and valuable lessons. Here are a few that I picked out from this year's letter.

http://news.morningstar.com/doc/document/print/1,3651,128943,00.html

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