About 2011 Annual Meeting

(April 30, 2011) Warren Buffett answers pointed questions about ousted Berkshire executive David Sokol's suspicious involvement in the acquisition of Lubrizol and explains why he still finds Sokol's actions "inexplicable." Buffett also calls for CEOs to be left "dead broke" after a bailout.

Berkshire Hathaway Shareholder Letters

Berkshire's per-share book value was up 13.0 percent in 2010, but for a second straight year the S&P did better, posting a 15.1 percent increase. In his letter, Buffett wrote that buying BNSF was "working out even better than I expected," generating an after-tax increase of well over 30 percent from Berkshire's "normal" earning power.

READ 2010 LETTER (DATED FEB. 26, 2011)