Warren Buffett：Berkshire 1984 Letter, Excerpt 4

The table on the following page shows the sources of Berkshire’s reported earnings. Berkshire’s net ownership interest in many of the constituent businesses changed at midyear 1983 when the Blue Chip merger took place. Because of these changes, the first two columns of the table provide the best measure of underlying business performance.

Source： https://www.berkshirehathaway.com/letters/1984.html
Locator：1984 Chairman's Letter, excerpt 4 · Verified：2026-10-19 · Verification：Short excerpt

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