Monday, March 05, 2007

Bend Knees When Lifting

An interesting note in investor Warren Buffett's annual letter to shareholders:

Our federal return last year, we should add, ran to 9,386 pages. To handle this filing, state and foreign tax returns, a myriad of SEC requirements, and all of the other matters involved in running Berkshire, we have gone all the way up to 19 employees at World Headquarters.

Buffett's letter is legendary among investors for its plain-spokeness and common sense about a whole lot of things. If you like, read the latest letter

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