It has been said that the shareholder letter is up there with reading ingredients on the back of oatmeal and academic studies on mono-phase phosphates. In the spectrum of shareholder letters, bank letters happen to be on the snoozy side of yawnsville. Of course, it doesn’t have to be like that. Berkshire Hathaway has undoubtedly the best shareholder letter in corporate America. It is better than 80% of most novels and 90% of most financial text. It makes you laugh, cry and feel young all over again.