Warren Buffett: Annual Shareholder Letter 2023
A Student's Guide to Essential Primary Sources
Table of Contents
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Abstract
Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.
Contents
- 1: Structural Foundations
- Sun Tzu: The Art of War
- Alexander Hamilton: Report on the National Bank
- Alexander Hamilton: Report on the Subject of Manufactures
- McCulloch v. Maryland
- Dartmouth v. Woodward
- Gibbons v. Ogden
- Munn v. Illinois
- Santa Clara County v. Southern Pacific Railroad Co
- 2: Corporate Power and Its Regulation
- Iron Clad Agreement
- Interstate Commerce Act
- Andrew Carnegie: The Gospel of Wealth
- John Sherman: Sherman Anti-Trust Act
- Ida Tarbell: The History of the Standard Oil Company
- Theodore Vail: AT&T Annual Report
- Robert Adamson: Triangle Shirtwaist Factory Fire Articles
- Standard Oil Co. of New Jersey v. United States
- Alfred Chandler: Strategy and Structure
- Lee Iacocca: Testimony before the Subcommittee on Economic Stabilization, Committee on Banking, Finance, and Urban Affairs, U.S. House of Representatives
- Paul Sarbanes and Mike Oxley: Sarbanes-Oxley Act
- Paul J. McNulty: Statement on the Convictions of former Enron Chief Executive Offers Ken Lay and Jeff Skilling
- Citizens United v. Federal Election Commission
- Chris Dodd and Barney Frank: Dodd Frank Wall Street Reform Act
- U.S. Department of Labor News Release on OSHA Citations Issued to Amazon
- Mark Zuckerberg: Letter on Government Censorship
- 3: Professionalization of Management
- Henri Fayol: General and Industrial Management
- Russell C. Ostrander: Dodge v. Ford Motor Company
- Charles Clinton Spaulding: “The Administration of Big Business”
- Chester Barnard: Functions of the Executive
- Herbert Simon: Administrative Behavior
- Peter Drucker: The Practice of Management
- Lyndall F. Urwick: The Manager’s Span of Control
- Igor Ansoff: “Thinking Ahead: The Firm of the Future”
- Michael Porter: “What Is Strategy?”
- Philip Kotler: “From Sales Obsession to Marketing Effectiveness”
- Kenichi Ohmae: “Managing in a Borderless World”
- Smith v. Van Gorkom
- Warren Bennis: On Becoming a Leader
- William T. Allen: Caremark Intl. Inc. Derivative Litigation
- 4: Human Concerns vs. Financial Goals
- Theodore Dreiser: The Financier
- Oliver Sheldon: The Philosophy of Management
- Mary Parker Follett: Freedom and Co-ordination
- Franklin D. Roosevelt: First Inaugural Address
- Elton Mayo: Social Problems of an Industrial Civilization
- Abraham Maslow: Motivation and Personality
- Sloan Wilson: The Man in the Gray Flannel Suit
- Chris Argyris: Personality and Organization
- Douglas McGregor: Human Side of Enterprise
- David Packard: Speech to HP Managers
- James March and Richard Cyert: A Behavioral Theory of the Firm
- Milton Friedman: “Social Responsibility of Business is to Increase its Profits”
- Robert Greenleaf: The Servant as Leader
- Jack Welch: Annual Letter to Shareholders
- Stanley Weiser and Oliver Stone: “Greed is Good” Speech from Wall Street
- Warren Buffett: Annual Shareholder Letter 2023
- 5: Management and Worker
- Upton Sinclair: The Jungle
- Henry L. Gantt: Work, Wages, and Profits
- Frederick Winslow Taylor: Principles of Scientific Management
- Wife of Ford Motor Employee Letter to Henry Ford
- Frank and Lilian Gilbreth: Applied Motion Study: A Collection of Papers on the Efficient Method to Industrial Preparedness
- Frances Perkins: People at Work
- Robert F. Wagner: National Labor Relations Act
- Alfred Sloan: Statement to Employee of General Motors
- Taft-Hartley Act
- Burwell v. Hobby Lobby
- Larry Fink: Annual Shareholder Letter
- 6: Innovation, Performance, and Management
- Madam C.J. Walker: Letter to Dr. Byrd
- Thomas Peters and Robert Waterman: In Search of Excellence
- W. Edwards Deming: “Drastic Changes for Western Management”
- Rosabeth Moss Kanter: “The New Managerial Work”
- Sony Corp. v. Universal Studios
- C.K. Prahalad and Gary Hamel: “The Core Competence of the Corporation”
- Peter Senge: Leading Learning Organizations
- Charles Handy: “Trust and the Virtual Organization”
- Clayton Christensen: The Innovator’s Dilemma
- Jeff Bezos: Amazon Shareholder Letter
- Jim Collins: Good to Great
- Larry Page and Sergey Brin: Letter from the Founders
- Howard Schultz: Transformation Agenda Letter
- Indra Nooyi: The CEO of the Future
- Eric Ries: The Lean Startup
- Sam Altman: “The Intelligence Age”