This part walks through Buffett's shareholder letters one decade at a time, from 1977 to 2025. Instead of reading all 48 letters yourself, see how his thinking evolved — from his early value-investing years to the insurance-float era to the Berkshire giant of today.

Navigate through each tab by clicking on years to get more information on each decade:

Buffett didn't get this right overnight — his philosophy was built and refined letter by letter, decade after decade.