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Letters to shareholders
Shareholder letter 2024
Shareholder letter 2023
Shareholder letter 2022
Shareholder letter 2021
Shareholder letter 2020
Shareholder letter 2019
Shareholder letter 2018
Shareholder letter 2017
Shareholder letter 2016
Shareholder letter 2015
Shareholder letter 2014
Shareholder letter 2013
Shareholder letter 2012
Shareholder letter 2011
Shareholder letter 2010
Shareholder letter 2009
Shareholder letter 2008
Shareholder letter 2007
Shareholder letter 2006
Shareholder letter 2005
Shareholder letter 2004
Shareholder letter 2003
Shareholder letter 2002
Shareholder letter 2001
Shareholder letter 2000
Shareholder letter 1999
Shareholder letter 1998
Shareholder letter 1997
Shareholder letter 1996
Shareholder letter 1995
Shareholder letter 1994
Shareholder letter 1993
Shareholder letter 1992
Shareholder letter 1991
Shareholder letter 1990
Shareholder letter 1989
Shareholder letter 1988
Shareholder letter 1987
Shareholder letter 1986
