Work
Berkshire Hathaway 1985 Chairman's Letter
Warren Buffett · Passages from the same work, in order.
Berkshire Hathaway 1985 Letter, Additional Excerpt 1
Our gain in net worth during the year was $613.6 million, or 48.2%. It is fitting that the visit of Halley's Comet coincided with this percentage…
Direct reading
Investing · Learning · Modern investor letters
Berkshire Hathaway 1985 Letter, Additional Excerpt 2
Catastrophes were not the culprit in this explosion of loss cost. True, there were an unusual number of hurricanes in 1985, but the aggregate…
Direct reading
Investing · Modern investor letters