By the fourth quarter, the credit crisis, coupled with tumbling home and stock prices, had produced a paralyzing fear that engulfed the country. A freefall in business activity ensued, accelerating at a pace that I have…
The table on the preceding page, recording both the 44-year performance of Berkshire’s book value and the S&P 500 index, shows that 2008 was the worst year for each. The period was devastating as well for corporate…
Warren Buffett《Berkshire Hathaway 1982 Letter to Shareholders》· 1982 Chairman's Letter · Investing
(3) a continually-enlarging commitment of our resources to investment in partially-owned, nonoperated businesses; accounting rules dictate that a major part of our pro-rata share of earnings from such businesses must be excluded from Berkshire’s reported earnings.
The table on the preceding page, recording both the 44-year performance of Berkshire’s book value and the S&P 500 index, shows that 2008 was the worst year for each. The period was devastating as well for corporate…
Andrew Carnegie:Autobiography of Andrew Carnegie, Excerpt 48
Andrew Carnegie《Autobiography of Andrew Carnegie》· Chapter VIII · Leadership
"Yes, I know that," he said, "but I know the men and Thomas will be the first to say that Sherman is the man for the work. There will be no trouble about that. The fact is the western end is pretty far down, and the next thing we must do is to push the eastern end down a little."
The table on the preceding page, recording both the 44-year performance of Berkshire’s book value and the S&P 500 index, shows that 2008 was the worst year for each. The period was devastating as well for corporate…