Lessons from Warren Buffet to Shareholders

WSJ's Anupreeta Das gives her take on the top three takeaways from Warren Buffett's 2013 letter to Berkshire Hathaway shareholders.

First, Buffet remains bullish on US economy, and believes its best days are still ahead.   He asks, Who has benefited over the last 237 years by betting against the US?

To explain Das' second takeway: Buffet eschews short-term investing.  He researches companies very well, and looks at them as long-term propositions.  So in this deal with 3G Capital, it isn't a matter of selling but buying more shares of a company (Heinz) with truly fine products.

Third, Buffet is a straightforward, uncomplicated businessman and leader: If you perform well, you gain his confidence.  Clearly Todd Combs and Ted Weschler have.