Contributors
Founder and Chair – LMFC
Vice Chair – LMFC
President and CEO – The Bank of Northern Michigan
SVP of Shared Services - LMFC
Senior Vice President, Traverse City Market Manager

In his straightforward and concise way, Warren Buffett shares his view on why stock returns beat the alternatives.  This piece is condensed from his annual shareholders letter.

Read the condensed letter at  "Warren Buffett: Why stocks beat gold and bonds" from Fortune Magazine.

Read the complete letter to shareholders at the Berkshire Hathaway website.


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