Sizemore Investment Letter

Sizemore Investment Letter

Warren Buffett's Last Letter to Investors (Maybe)

The Oracle of Omaha considers the role that luck played in his success

Charles Sizemore's avatar
Charles Sizemore
Nov 12, 2025
∙ Paid

Warren Buffett released a letter to Berkshire Hathaway investors that may be his last formal communication. I say “may” because hope springs eternal, and the old man still has a lot of wisdom to share with the rest of us.

I’ve reproduced his letter, slightly edited for brevity.

Buffett has been a hero of mine for the past quarter century, and his wit an…

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