沃伦·巴菲特：伯克希尔 1984 年致股东信·摘录2

As we discussed last year, the gain in per-share intrinsic business value is the economic measurement that really counts. But calculations of intrinsic business value are subjective. In our case, book value serves as a useful, although somewhat understated, proxy. In my judgment, intrinsic business value and book value increased during 1984 at about the same rate.

出处： https://www.berkshirehathaway.com/letters/1984.html
定位：1984 Chairman's Letter, excerpt 2 · 核对日期：2026-10-19 · 核验：短摘录

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