Warren Buffett：Berkshire Hathaway 1992 Letter, Additional Excerpt 1

Our per-share book value increased 20.3% during 1992. Over the last 28 years (that is, since present management took over) book value has grown from $19 to $7,745, or at a rate of 23.6% compounded annually.

Source： https://www.berkshirehathaway.com/letters/1992.html
Locator：1992 Chairman's Letter, additional excerpt 1 · Verified：2026-10-19 · Verification：Short excerpt

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