This is a working log rather than a finished essay. As I read through the letters, I note what stands out and write down the ideas I want to explore further.
The partnership letters run from 1957 to 1970 and can be sourced here:
https://www.ivey.uwo.ca/media/2975913/buffett-partnership-letters.pdf
Over time, this will extend into the Berkshire Hathaway letters that follow. If it gets long enough, I’ll likely break it into separate posts by era. For now, it lives here as a single, growing record.
Partnership Years Overview (1957–1970)
High-level framing to refine over time.
- Structure of the partnerships
- How Buffett defined risk and performance
- The role of patience and inactivity
- Temperament versus intellect
1957
Context
Key Ideas
Quotes
Personal Notes
1958
Context
Key Ideas
Quotes
Personal Notes
Related
Lessons from Buffett’s Letters [Megathread]
Notes and reflections from the partnership years through Berkshire Hathaway (1957 - 2025)
Why Microcaps?
Small Companies, Big Lessons
What Valuation Is Actually For
Translation, not precision