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Berkshire’s Performance vs. the S&P 500

Berkshire's Performance vs. the S&P 500. Annual Percentage Change in Per-Share in Per-Share in S&P 500. Book Value of Market Value of with Dividends Year Berkshire Berkshire Included 1965 .. 1966 .. ( ) ( ). 1967 .. 1968 .. 1969 .. ( ). 1970 .. ( ) 1971 .. 1972 .. 1973 .. ( ) ( ). 1974 .. ( ) ( ). 1975 .. 1976 .. 1977 .. ( ). 1978 .. 1979 .. 1980 .. 1981 .. ( ). 1982 .. 1983 .. 1984 .. ( ) 1985 .. 1986 .. 1987 .. 1988 .. 1989 .. 1990 .. ( ) ( ). 1991 .. 1992 .. 1993 .. 1994 .. 1995 .. 1996 .. 1997 .. 1998 .. 1999 .. ( ) 2000 .. ( ). 2001 .. ( ) ( ). 2002 .. ( ) ( ). 2003 .. 2004 .. 2005 .. 2006 .. 2007 .. 2008 .. ( ) ( ) ( ). 2009 .. 2010 .. 2011 .. ( ) 2012 .. 2013 .. 2014 .. 2015 .. ( ) 2016 .. Compounded Annual Gain 1965- 2016 .. Overall Gain 1964- 2016 .. 884,319% 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.

BERKSHIRE HATHAWAY INC. To the Shareholders of Berkshire Hathaway Inc.: Berkshire’s gain in net worth during 2016 was $27.5 …

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