Their example was follow'd by many, and our number went on growing continually. This was one of the first good effects of my having learnt a little to scribble; another was, that the leading men, seeing a newspaper…
Notwithstanding the continual wrangle between the governor and the House, in which I, as a member, had so large a share, there still subsisted a civil intercourse between that gentleman and myself, and we never had…
Notwithstanding the continual wrangle between the governor and the House, in which I, as a member, had so large a share, there still subsisted a civil intercourse between that gentleman and myself, and we never had…
And here I made my first note, and actually got a banker to take it. A proud moment that in a young man's career! The sleeping-cars were a great success and their monthly receipts paid the monthly installments. The first considerable sum I made was from this source. [To-day, July 19, 1909, as I re-read this, how glad I am that I have recently heard from Mr. Lloyd's married daughter telling me of her father's deep affection for me, thus making me very happy, indeed.]
沃伦·巴菲特《伯克希尔·哈撒韦 2013 年致股东信》· 2013 Chairman's Letter · 投资
On the facing page, we show our long-standing performance measurement: The yearly change in Berkshire’s per-share book value versus the market performance of the S&P 500. What counts, of course, is per- share intrinsic value. But that’s a subjective figure, and book value is useful as a rough tracking indicator. (An extended discussion of intrinsic value is included in our Owner-Related Business Principles on pages 103 - 108. Those principles have been included in our reports for 30 years, and we urge new and prospective shareholders to read them.)
Notwithstanding the continual wrangle between the governor and the House, in which I, as a member, had so large a share, there still subsisted a civil intercourse between that gentleman and myself, and we never had…