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 Acquisition Financial Data for the Past Five s Report on Internal Control Over Financial of Independent Registered Public Accounting Financial s s to Minimize Investment Stock Estate Brokerage and Officers of the Back Cover*Copyright 2017 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 ,319%1,972,595%12,717%Notes:Data are for calendar years with these exceptions: 1965 and 1966, year ended 9/30; 1967, 15 months ended 12/31. Starting in 1979,accounting rules required insurance companies to value the equity securities they hold at market rather than at the lower of cost or market, whichwas previously the requirement.
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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