Mr. Andrew Hamilton, a famous lawyer of Philadelphia, had taken passage in the same ship for himself and son, and with Mr. Denham, a Quaker merchant, and Messrs. Onion and Russel, masters of an iron work in Maryland,…
Wide swings in our quarterly GAAP earnings will inevitably continue. That’s because our huge equity portfolio – valued at nearly $173 billion at the end of 2018 – will often experience one-day price fluctuations of $2…
Mr. Andrew Hamilton, a famous lawyer of Philadelphia, had taken passage in the same ship for himself and son, and with Mr. Denham, a Quaker merchant, and Messrs. Onion and Russel, masters of an iron work in Maryland,…
And, lastly, what are the different circumstances which sometimes raise some or all of these different parts of price above, and sometimes sink them below, their natural or ordinary rate; or, what are the causes which sometimes hinder the market price, that is, the actual price of commodities, from coinciding exactly with what may be called their natural price.
Mr. Andrew Hamilton, a famous lawyer of Philadelphia, had taken passage in the same ship for himself and son, and with Mr. Denham, a Quaker merchant, and Messrs. Onion and Russel, masters of an iron work in Maryland,…
Wide swings in our quarterly GAAP earnings will inevitably continue. That’s because our huge equity portfolio – valued at nearly $173 billion at the end of 2018 – will often experience one-day price fluctuations of $2…
沃伦·巴菲特《伯克希尔·哈撒韦 2019 年致股东信》· 2019 Chairman's Letter · 投资
Meanwhile, in what we might call the real world, as opposed to accounting-land, Berkshire’s equity holdings averaged about $200 billion during the two years, and the intrinsic value of the stocks we own grew steadily and substantially throughout the period.
Mr. Andrew Hamilton, a famous lawyer of Philadelphia, had taken passage in the same ship for himself and son, and with Mr. Denham, a Quaker merchant, and Messrs. Onion and Russel, masters of an iron work in Maryland,…