Premium Value Investing NewsletterDownload Free Issue

My Notes on Warren Buffett’s 2017 Letter to Shareholders

Warren Buffett recently released his 2017 letter to shareholders of Berkshire Hathaway. As outlined on the first page of the letter, Berkshire’s share price has increased by, hold your breath, 2,404,748% over the last 53 years.

The big idea worth noting here is that the annualized return Berkshire’s stock has earned for its shareholders to achieve such magnificent result over 53 years is less than 21% – something people basking in the limelight of current bull run would discard as too less!

Anyways, I have prepared some notes on Buffett’s 2017 letter. Click on the image below or click here to download the document.

Notes on Warren Buffett's 2017 Letter to Shareholders -

I suggest you read the original letter in its entirety by downloading it from here.

Print Friendly, PDF & Email

About the Author

Vishal Khandelwal is the founder of Safal Niveshak. He works with small investors to help them become smart and independent in their stock market investing decisions. He is a SEBI registered Research Analyst. Connect with Vishal on Twitter.


  1. Vishal,

    Thanks for sharing your notes. Very valuable insights (and love your handwriting)!

    I am curious about your comment regarding the absence of a low-cost index fund India.

    Are you implying that the cost of Indian Index Funds (vs. let’s say Vanguard) is a concern or that we do not have an S&P 500 equivalent Index Fund in India? If it’s the former, isn’t it likely that as the AUM of the fund grows it will lower the fund’s expense ratio over time? If it’s later, what’d be a good (or rather an ideal) index fund in Indian context from your point of view?

    Thanks, Rahul

  2. Sachiv Mehta says:


    i love your monthly stock analyses. I bought indigo after going a little deeper (albeit their engine issue and grounding aircraft), for the long run. I would love to have a good discussion board with other SN members to discuss other equities for long run investments in the indian markets.

  3. Ketan nagda says:

    The letter itself was so informative and well written by Mr. buffet and then so we’ll highlighted by Vishal sir. Feels like keep on reading it again and again. And every time u read it get something amazing.
    Thanks Vishal sir

  4. Nagaraj Deenadayalan says:

    Hello Vishal sir,

    Your Highlighting of the content and explanation about it was really informative. Keep on the good work Vishal sir.

  5. Naresh R Gujar says:

    Hallo Vishal Sir

    Read your views on Mr. buffet letter 2017 very well highlighted key points , request you kindly
    share your view on Mr. Warren Buffett’s Letters to Shareholders from be gaining from one by one (1965-2016)it will be very informative to us and educate many be-gainers in stock market
    please update for do you offer any paid courses on stock market if yes please update us not found
    more information for paid courses on Safal Niveshak site

Speak Your Mind