Warren Buffett：Berkshire Hathaway 1991 Letter, Additional Excerpt 1

Our gain in net worth during 1991 was $2.1 billion, or 39.6%. Over the last 27 years (that is, since present management took over) our per-share book value has grown from $19 to $6,437, or at a rate of 23.7% compounded annually.

Source： https://www.berkshirehathaway.com/letters/1991.html
Locator：1991 Chairman's Letter, additional excerpt 1 · Verified：2026-10-19 · Verification：Short excerpt

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