Buffett's Berkshire Book Value Gains Almost 20% in 2009
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PostPosted: Sat, Feb 27 2010, 8:57 am EST    Post subject: Buffett's Berkshire Book Value Gains Almost 20% in 2009 Reply with quote

(See Buffett's annual letter to Berkshire shareholders:
http://www.berkshirehathaway.com/letters/2009ltr.pdf)

Published: Saturday, 27 Feb 2010 | 8:22 AM ET

By: Alex Crippen

Warren Buffett's Berkshire Hathaway had a strong 2009, but not strong enough to outperform the benchmark S&P 500 stock index.

In his just-released annual letter to Berkshire shareholders, Buffett reports the company's net worth increased by $21.8 billion last year.

That increased the company's per-share book value by 19.8 percent to $84,487.

But the S&P, including dividends, jumped 26.5 percent in 2009. That's 6.7 percentage points better than Berkshire's gain.

It's the first year since 2004 that Berkshire has underperformed the S&P.

Last year, Berkshire's per-share book value fell 9.6 percent, but that was much better than the S&P's 37.0 percent plunge.

Berkshire has underperformed the S&P in just seven calendar years since Buffett took over in 1965.
...
http://www.cnbc.com/id/35616702
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PostPosted: Sat, Feb 27 2010, 9:57 pm EST    Post subject: Re: Buffett's Berkshire Book Value Gains Almost 20% in 2009 Reply with quote

If you own a S&P 500 index fund, you own a piece of Warren Buffett's Berkshire Hathaway (BRK.B replaced BNI in S&P 500 recently).

Warren's annual letter to Berkshire shareholders is always a good read (I was lucky to buy a few shares of BRK.B when it was traded below $3000 last year).
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publius
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PostPosted: Thu, Mar 4 2010, 6:25 pm EST    Post subject: Re: Buffett's Berkshire Book Value Gains Almost 20% in 2009 Reply with quote

I feel SO happy for Warren Buffet.
No..............I really do.
It make me feel so warm & fuzzy that he is so filthy, stinkin' rich!
Maybe, I can scrape enough together and buy ONE share of his stock.........................................someday!
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PostPosted: Thu, Mar 4 2010, 6:37 pm EST    Post subject: Re: Buffett's Berkshire Book Value Gains Almost 20% in 2009 Reply with quote

publius wrote:
I feel SO happy for Warren Buffet.
No..............I really do.
It make me feel so warm & fuzzy that he is so filthy, stinkin' rich!
Maybe, I can scrape enough together and buy ONE share of his stock.........................................someday!


According to Yahoo:

Berkshire Hathaway Inc. New Com (BRK-B)

Last Trade: 82.68

You probably can afford more than 10 shares. Wink
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PostPosted: Thu, Mar 4 2010, 8:55 pm EST    Post subject: Re: Buffett's Berkshire Book Value Gains Almost 20% in 2009 Reply with quote

Guest wrote:
publius wrote:
I feel SO happy for Warren Buffet.
No..............I really do.
It make me feel so warm & fuzzy that he is so filthy, stinkin' rich!
Maybe, I can scrape enough together and buy ONE share of his stock.........................................someday!


According to Yahoo:

Berkshire Hathaway Inc. New Com (BRK-B)

Last Trade: 82.68

You probably can afford more than 10 shares. Wink


Berkshire Hathaway's stock symbol is BRK.A and is currently trading for approximately $124,000 per share.
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PostPosted: Thu, Mar 4 2010, 9:01 pm EST    Post subject: Re: Buffett's Berkshire Book Value Gains Almost 20% in 2009 Reply with quote

The real Berkshire shares are going for over $100K each but they created a secondary non-voting share class and that is what is going for around $80.
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