In the handful of news articles I read today, I nearly passed over a link to one of Warren Buffett’s Berkshire Hathaway shareholder letters from 2002, the one where his predictions for the derivatives market seem eerily close to the unfolding of current events on Wall Street. Reading his conversational, informational letter is like finding an oasis in the desert. I’ve read other shareholder letters, and most of them feel as if they were written by drones who have no interest in providing anything but cheery opacity.

I was very pleased to find that Berkshire Hathaway publishes all of Warren Buffett’s Letters to Shareholders on their website. Please dig in and enjoy.