Shareholder Letter: 1983 | Equity Issuance

In the 1983 letter, Warren Buffett delivers a masterclass on when — and when not — to issue shares. At the core is a deceptively simple rule: “We will not issue shares unless we receive as much intrinsic business value as we give.”

#WarrenBuffett, #BerkshireHathaway, #EquityIssuance, #CapitalAllocation, #ShareholderValue, #ValueInvesting, #BuffettQuotes, #IntrinsicValue, #MergersAndAcquisitions, #CorporateGovernance, #FinancialWisdom, #StockMarket, #BusinessStrategy, #OwnerMindset, #InvestmentDiscipline, #CapitalCompass, #FinancialLiteracy, #LongTermThinking