Warren Buffett Letter Summaries

Hi everyone,

I recently began reading the Buffett letters upon recommendation from a friend. They provide, with competition only from Intelligent Investor, the most clear, humorous, and useful investing advice I've ever seen. There is a reason they are classic.

However, they are reasonably long and there are about 50 years of letters. Quite a chunk of reading. So I began wondering, has anyone posted summaries online? From my (brief) research, I concluded none existed. Sure, there were lots of "takeaways from Warren's letters" that told mom-and-pop investors America was great, everything was great, and by the way, we know which stock is doubling tomorrow, click this link, but no detailed, concise summaries existed of each letter. While I plan to read through them all eventually, being able to pick out the snippets of pure, unadulterated, unashamed wisdom would be convenient.

So monkeys, here's my challenge to you: Read the letters, write summaries for each and every year, and post it here, for all the world to see. An invaluable contribution to the world from a forum that's seriously discussed why Bankerella would be a terrible lay and whether @DickFuld" is really Dick Fuld. My response, where's the real Dick Fuld then? He sure isn't at 200 West St. But I diverge.

So, let's see those summaries, I'll see you on 7th Ave.