Special Report

UNITED NATIONS CONFERENCE ON TRADE AND …

iii BAN Ki-moon Secretary-General of the United Nations PREFACE This year’s World Investment Report, the 25th in the series, aims to inform global debates on the future of the international policy environment for cross-border investment. Following recent lackluster growth in the global economy, this year’s Report shows that Foreign Direct Investment

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Berkshire’s Performance vs. the S&P 500

The Year at Berkshire It was a good year for Berkshire on all major fronts, except one. Here are the important developments: ‹ Our “Powerhouse Five” – a collection of Berkshire’s largest non-insurance businesses – had a record $12.4 billion of pre-tax earnings in 2014, up $1.6 billion from 2013.*