沃伦·巴菲特：伯克希尔 1981 年致股东信·摘录1

Operating earnings of $39.7 million in 1981 amounted to 15.2% of beginning equity capital (valuing securities at cost) compared to 17.8% in 1980. Our new plan that allows stockholders to designate corporate charitable contributions (detailed later) reduced earnings by about $900,000 in 1981. This program, which we expect to continue subject to annual evaluation of our corporate tax position, had not been initiated in 1980.

出处： https://www.berkshirehathaway.com/letters/1981.html
定位：1981 Chairman's Letter, excerpt 1 · 核对日期：2026-10-19 · 核验：短摘录

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