Why did Warren Buffett give Buffett’s Bites an A+?

Buffett’s Bites explains why Susie Buffett told Charlie Rose in a 2006 televised interview that her husband’s shareholder letters would be his greatest legacy. It boils down to two seminal ideas in his letters: first, that investor partnership embodied in attitudes of stewardship is the foundation for financial success and second, that the primary job of a CEO and board is to profitably manage risk to allocate capital wisely for long-lasting wealth. Both outcomes realize Adam Smith’s vision of capitalism’s potential to do good.

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