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Warren Buffett's Annual Letter 2013 - 'Just About Everything Turned Out Well for Us'

March 01, 2014 | About:
Holly LaFon

Holly LaFon

255 followers

Warren Buffett (Trades, Portfolio)’s new Berkshire Hathaway (BRK.A)(BRK.B) shareholder letter for 2013 is out as of Saturday morning, March 1.

To the Shareholders of Berkshire Hathaway Inc.:

Berkshire's gain in net worth during 2013 was $34.2 billion. That gain was after our deducting $1.8 billion of charges – meaningless economically, as I will explain later – that arose from our purchase of the minority interests in Marmon and Iscar. After those charges, the per-share book value of both our Class A and Class B stock increased by 18.2%. Over the last 49 years (that is, since present management took over), book value has grown from $19 to $134,973, a rate of 19.7% compounded annually.*

Read it here.


Rating: 4.8/5 (4 votes)

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Tgotech1 - 5 months ago

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