Transcription of BERKSHIRE HATHAWAY INC.
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BERKSHIRE HATHAWAY INC.
REPORTBERKSHIRE HATHAWAY ANNUAL REPORTTABLE OF CONTENTSB erkshire s Performance vs. the S&P s Letter*..3-17 Owner s The Bet (or how your money finds its way to Wall Street)..24-26 Form 10-K Business of Stock Financial s s Report on Internal Auditor s Financial to Consolidated Financial Operating Transfer Estate Brokerage and Officers of the Back Cover*Copyright 2018 By Warren E. BuffettAll Rights ReservedBerkshire s Performance vs. the S&P 500 Annual Percentage ChangeYearin Per-ShareBook Value ofBerkshirein Per-ShareMarket Value ofBerkshirein S&P 500with ( )( ) ( ) ( ) ( )( ) ( )( ) ( ) ( ) ( ) ( )( ) ( ) ( ) ( ) ( ) ( )( ) ( )( )( ) ( ) ( ) Annual Gain Gain ,088,029%2,404,748%15,508%Note:Data are for calendar years with these exceptions: 1965 and 1966, year ended 9/30; 1967, 15 months ended 12/31. Starting in 1979, accountingrules required insurance companies to value the equity securities they hold at market rather than at the lower of cost or market, which was previouslythe requirement.
BERKSHIRE HATHAWAY INC. To the Shareholders of Berkshire Hathaway Inc.: Berkshire’s gain in net worth during 2017 was $65.3 …
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