One great excitement of this life was the extra charge of ten cents which we were permitted to collect for messages delivered beyond a certain limit. These "dime messages," as might be expected, were anxiously watched,…
Mr. Garrett promptly replied that when the interests of his company were at stake it was the best always that won. His engineers had reported that our plans were the best and that Scott and Thomson would see that he had…
Mr. Garrett promptly replied that when the interests of his company were at stake it was the best always that won. His engineers had reported that our plans were the best and that Scott and Thomson would see that he had…
One great excitement of this life was the extra charge of ten cents which we were permitted to collect for messages delivered beyond a certain limit. These "dime messages," as might be expected, were anxiously watched,…
21:00 Figures · Investing · Modern investor letters
Warren Buffett:Berkshire 1997 Letter, Excerpt 3
Warren Buffett《Berkshire Hathaway 1997 Letter to Shareholders》· 1997 Chairman's Letter · Investing
For more explanation of the term, intrinsic value, you may wish to refer to our Owner's Manual, reprinted on pages 62 to 71. This manual sets forth our owner-related business principles, information that is important to all of Berkshire's shareholders.
Mr. Garrett promptly replied that when the interests of his company were at stake it was the best always that won. His engineers had reported that our plans were the best and that Scott and Thomson would see that he had…