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Fortune
Fortune
Jessica Coacci

Here's the one-page memo Warren Buffett sent to his managers every two years for over 25 years

Warren Buffett Buffet Warren E Buffett Berkshire Berkshire Hathaway Charlie Munger
(Credit: Jeff Kowalsky—Bloomberg via Getty Images)
  • Warren Buffett may be worth billions, but he had a stark reminder he sent every two years in a memo to his managers: reputation and planning for the future should take precedent over profit. It’s a lesson that’s worked wonders for Buffett as he’s led Berkshire Hathaway from a company with roots dating to the 1800s—to a trillion-dollar enterprise today.

Warren Buffett is widely considered one of the smartest minds in business—after all, he’s spent decades maintaining Berkshire Hathaway as a multinational investment powerhouse.

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