Warren Buffet's 2010 Letter to Shareholders

This is one of the "must read's" of the year.

The Annual Letter to Shareholders of Berkshire Hathaway written by Warren Buffet. 

The 2010 letter was just released and if you have never treated yourself to this well written and easy to understand annual report by the world's now 3rd wealthiest individual, is the time.

It is 19 pages, with financial stuff here and there but worth the hour spent.

Read it here

The World's Richest, and it's not Bill

An interesting week if you had your eye on being the wealthiest person in the world. Only for the 2nd time since 1995, Bill Gates is not at the top of the annual Forbes' list of richest , released this morning.

Carlos Slim, Mexican telecoms tycoon came in at number one. He's net worth is a staggering $53.5 billion.

Bill is not that far behind at $53 billion. Only $500 million separates him and the first non-American to top the list since 1994.

All could change with a 3.4% increase in Microsoft's share price. But who keeps score?

Warren Buffet is in 3rd place with a net asset value of $47 billion. To put this in perspective: The South African Government collected $88.5 billion in the previous fiscal year.

Some interesting facts on this year's list: