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Stocks B / Berkshire Hathaway


Subject:  Re: Buffett/Jayhawk Q&A Date:  7/21/2005  11:40 PM
Author:  mklein9 Number:  106656 of 254224

Mr. Buffett has already warned - expect lower returns

To put this in context, there has hardly been a year in Mr. Buffett's career where he didn't warn this. The Buffett Partnership Letter of 1964, reflecting on 1963's performance, began this annual tradition when the partnerships had assets of $17 million. It has been a fixture ever since.

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