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Warren Buffett's Annual Letter To Berkshire Shareholder
FYI:Berkshire’s gain in net worth during 2016 was $27.5 billion, which increased the per-share book value of both our Class A and Class B stock by 10.7%. Over the last 52 years (that is, since present management took over), per-share book value has grown from $19 to $172,108, a rate of 19% compounded annually.* Regards, Ted http://www.berkshirehathaway.com/letters/2016ltr.pdf
