Warren Buffett：Berkshire Hathaway 1989 Letter, Additional Excerpt 1

Our gain in net worth during 1989 was $1.515 billion, or 44.4%. Over the last 25 years (that is, since present management took over) our per-share book value has grown from $19.46 to $4,296.01, or at a rate of 23.8% compounded annually.

Source： https://www.berkshirehathaway.com/letters/1989.html
Locator：1989 Chairman's Letter, additional excerpt 1 · Verified：2026-10-19 · Verification：Short excerpt

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