As I was looking for a section of Mr. Buffett's 1987 Letter* to the Shareholders of BRK, I remembered that I had an outstanding promise that I hadn't fulfilled. On August 9 I linked to a post from 1440 Wall Street:
1440 Wall Street writes:I am no great Buffett-ologist. And I don't consider myself to be a value investor by any means.
And while I don't have a tipline, I do have scores of relationships that date back nearly 20-years. From time to time I pass along things of interest, and Warren Buffett's very first partnership letter, written when Eisenhower was President, and the twenty that follow are apparently hard to come by:...
...In any case, if you want the link to the letters, which cover nearly twenty years ending in 1969, send me an email describing in ten words or less why 1440 is the best financial blog extant, or if you don’t believe that, why I am a douchebag. Be forewarned, the letters will take hours to read in their entirety.
Well I am a Buffetologist and I also know where they are. We'll give StockJockey time to conduct his poll/contest, say for another 12 days, 23 hours and 30 minutes. If he hasn't publicly provided the link, meet me here after the close on Monday, August 18.And then promptly forgot about the promise. Sorry.
The letters were hidden in plain sight, I posted the links on September 25 last year. Here they are again, with the bonus of a couple early BRK letters:
Sincere thanks to Redfield, Blonsky & Co., LLC.Mr. Market
...Ben Graham, my friend and teacher, long ago described the
mental attitude toward market fluctuations that I believe to be
most conducive to investment success. He said that you should
imagine market quotations as coming from a remarkably
accommodating fellow named Mr. Market who is your partner in a
private business. Without fail, Mr. Market appears daily and
names a price at which he will either buy your interest or sell