For shareholders and others who are interested, a book that compiles the full unedited versions of each of Warren Buffett’s letters to shareholders between 1965 and 2014 is available for sale at …
In June 1996, Berkshire’s Chairman, Warren E. Buffett, issued a booklet entitled “An Owner’s Manual*” to Berkshire’s Class A and Class B shareholders. The purpose of the manual was to …
In line with Berkshire's owner-orientation, most of our directors have a major portion of their net worth invested in the company. We eat our own cooking. Charlie's family has 90% or more of …
Berkshire earned more money in that year than it did in all but one of the previous ten. As you can see from the two tables, the comparative growth rates of Berkshire’s two elements of value …
At Berkshire what counts most are increases in our normalized per-share earning power. That metric is what Charlie Munger, my long-time partner, and I focus on – and we hope that you …
BERKSHIRE HATHAWAY INC. 1997 Chairman's Letter. To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 1997 was $8.0 billion, which increased the per …
At Berkshire, the temporarily-helpful "fresh start" adjustment inflated 1987 earnings by $8.2 million. In our opinion, the 1986 Act was the most important economic event affecting the …