Berkshire Hathaway 2005 Chairman's Letter

Average Annual Gain — 1965-2005 21.5 10.3 11.2 Overall Gain — 1964-2005 305,134 5,583 Notes: Data are for calendar years with these exceptions:…

Take a look at the dilemmas of managers in the auto and airline industries today as they struggle with the huge problems handed them by their…