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As Chairman of Berkshire Hathaway, Inc, Warren Buffett delivers a report to shareholders, which is read closely by financial professionals and the business media. Buffetts messages have had an enormous influence on investment behavior as well as the contemporary view of the stock market as a mechanism through which every citizen can participate in growth and prosperity (Iden, 2005). Using Celeste Condits framework of modal materiality, this paper subjects Buffetts letters to an empathic critique (1993; 2008), concluding that Buffets letters perform an important function in the ongoing renegotiation of the relationship between business and society.