Emailed on May 10th, 2019 in The Friday Forward

Each year, Warren Buffett writes an open letter to Berkshire Hathaway shareholders. Over the last 40 years, these letters have become an annual required read across the investing world, providing insight into how Buffett and his team think about everything from investment strategy to stock ownership to company culture, and more.

They're also great reads for any manager looking to build a business to last.

Check out CBinsights coverage of each of his annual letters here.

A few highlights include:

Time is the friend of the wonderful business, the enemy of the mediocre
Leaders should live the way they want their employees to live
Compensation committees have sent CEO pay out of control.

Little fun fact from that last point: In 2017, word got out that Yahoo CEO Marissa Mayer had been making a staggering $900K a week during her five years at the beleaguered company.

Lessons from Warren