About 2012 Annual Meeting

(May 5, 2012) Two weeks after announcing he'd begin treatment for stage I prostate cancer, Buffett assures shareholders the diagnosis is a "minor event." He also explains why he won't invest in Apple or Google, denounces the effect of "huge" money on politics, calls health care costs a "tapeworm" afflicting the economy, and defends the "Buffett Rule" and its minimum tax on the super-rich.

Berkshire Hathaway Shareholder Letters

In 2011, Berkshire's per-share book value was up 4.6 percent, beating the S&P's 2.1 percent gain. Buffett wrote that felt "good about the company's progress," citing the hiring of portfolio managers Todd Combs and Ted Weschler, and big investments in IBM and Bank of America.

READ 2011 LETTER (Dated Feb. 25, 2012)