Investing · Modern investor letters

Warren Buffett:Berkshire Hathaway 2009 Letter, Additional Excerpt 2

Warren Buffett《Berkshire Hathaway 2009 Chairman's Letter》· 2009 Chairman's Letter · Investing · Health · Leadership

Dave Sokol, the enormously talented builder and operator of MidAmerican Energy, became CEO of NetJets in August. His leadership has been transforming: Debt has already been reduced to $1.4 billion, and, after suffering a staggering loss of $711 million in 2009, the company is now solidly profitable.

Source: https://www.berkshirehathaway.com/letters/2009ltr.pdf
Locator:2009 Chairman's Letter, additional excerpt 2 · Verified:2026-10-19 · Verification:Short excerpt

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Does this passage change one judgment about money or risk today?

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