Warren Buffett’s Letter – 2008
Posted in Berkshire Annual Letter on Mar 4th, 2009
It has been some time since my last post. Last weekend, Warren Buffett released his annual letter to shareholders for the 2008 performance of Berkshire. Thought I would do a quick summary here.
The start of the letter shows a comparison of Berkshire versus the S&P. Since 1965, the per-share book value of Berkshire has only gone down twice (on an annual basis). 2001 saw a 6.2% drop while 2008 saw a 9.6% drop. The book value has risen from $19 to $70,530, or 20.3% compounded annually. $2000 invested with Berkshire in 1965 would have grown to almost $7 million today.
