2010 Annual Meeting
About 2010 Annual Meeting

(May 1, 2010) Buffett explains why he doesn't agree with the SEC's fraud charges against Goldman Sachs. He also sees signs of recovery for a "sputtering" economy and sharply criticizes Kraft's purchase of Cadbury. Munger makes the case that McDonald's has "succeeded better as an educator" than the nation's universities.

Berkshire Hathaway Shareholder Letters

For a second year, Berkshire's per-share book value underperformed the S&P 500, but not by much. It was up 10.5 percent vs. the benchmark index's 10.9 percent gain. In his annual letter, Buffett wrote he ""struck out"" on several potential multi-billion dollar acquisitions, on top of finding only a few attractive stocks to buy. As a result, Berkshire ended the year with $43 billion in cash, ""not a happy position."

READ 2009 LETTER (DATED FEB. 26, 2010)