Comments on the Berkshire Hathaway Annual Letter

(via alephblog.com)

I’ll let Buffett speak, and I will add a few comments. When the partnership I ran took control of Berkshire in 1965, I could never have dreamed that a year in which we had a gain of $24.1 billion would be subpar, in terms of the comparison we present on the facing page. But subpar [...]

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