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.
BERKSHIRE HATHAWAY INC. To the Shareholders of Berkshire Hathaway Inc.: Berkshire’s gain in net worth during 2017 was $65.3 billion, which increased the per-share book value of
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