Gather round children…

It’s time for the best annual report of the year…

“Our gain in net worth during 2009 was $21.8 billion, which increased the per-share book value of both

our Class A and Class B stock by 19.8%. Over the last 45 years (that is, since present management took over)

book value has grown from $19 to $84,487, a rate of 20.3% compounded annually.”

http://www.berkshirehathaway.com/letters/2009ltr.pdf