Berkshire's Best Ever Shareholder Letter

This morning, Berkshire Hathaway released its 2014 shareholder letter. Warren Buffett's letter, always closely followed, was particularly anticipated this year. Indeed, as this year will mark a half-century of Berkshire Hathaway under "current management," Buffett had promised two "looking back/looking forward" analyses, one from his pen and one from that of his partner, Berkshire Vice Chairman Charlie Munger.

Here are some of the key quotes from this year's letter.

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