For the third year in a row, Chris has earned my vote for year-end investor letter of the year, by a long shot. It's another must-read for followers of Berkshire Hathaway (There is also a whole lot more on Berkshire Hathaway in the 2015 and 2016 letters. And if you do decide to read the 2015-2017 letters that dive deep into Berkshire, I recommend reading Chris' 2016 interview with Kate Welling right after his 2015 letter.).
Link to: Semper Augustus Investments Group 2017 Annual Letter: Double Double Toil and Trouble - Wicked Valuations, Bubbles in Monetary Policy and Passive Investing; Plus - Berkshire - Charmed by the Tax Deed