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 2 Chairman s Letter*.. 3 Acquisition 23 BERKSHIRE Past, Present and Future*.. 24 Vice Chairman s Thoughts Past and 39 Business 45 Selected Financial Data for the Past Five 46 Management s Report on Internal Control Over Financial 46 Report of Independent Registered Public Accounting 47 Consolidated Financial 48 Management s 86 Owner s 117 Intrinsic 123 Common Stock 124 Operating 125 Real Estate Brokerage 126 Daily 127 Purchase Agreement for National Indemnity and National Fire & 1281964 annual 130 Directors and Officers of the Back Cover*Copyright 2015 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 ,113%1,826,163%11,196%Notes:Data are for calendar years with these exceptions: 1965 and 1966, year ended 9/30; 1967, 15 months ended 12/31.
Berkshire’s Performance vs. the S&P 500 Annual Percentage Change Year in Per-Share Book Value of Berkshire in Per-Share Market Value of Berkshire in S&P 500
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