Warren Buffett：Berkshire Hathaway 1988 Letter, Additional Excerpt 1

Our gain in net worth during 1988 was $569 million, or 20.0%. Over the last 24 years (that is, since present management took over), our per-share book value has grown from $19.46 to $2,974.52, or at a rate of 23.0% compounded annually.

Source： https://www.berkshirehathaway.com/letters/1988.html
Locator：1988 Chairman's Letter, additional excerpt 1 · Verified：2026-10-19 · Verification：Short excerpt

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