沃伦·巴菲特：伯克希尔 2007 年致股东信·摘录4

Berkshire’s second component of value is earnings that come from sources other than investments and insurance. These earnings are delivered by our 66 non-insurance companies, itemized on page 76. In our early years, we focused on the investment side. During the past two decades, however, we have put ever more emphasis on the development of earnings from non-insurance businesses.

出处： https://www.berkshirehathaway.com/letters/2007ltr.pdf
定位：2007 Chairman's Letter, excerpt 4 · 核对日期：2026-10-19 · 核验：短摘录

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