Recent Articles
1985-02-25 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《1985-02-25 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 1984 was $152.6 million, or $133 per share. This sounds pretty good but actually it’s mediocre. ...
1986-03-04 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《1986-03-04 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: You may remember the wildly upbeat message of last year’s report: nothing much was in the works but our experience had been that ...
1987-02-27 Warren Buffett.Purchase-Price Accounting Adjustments and the "Cash Flow" Fallacy
Refer To：《1987-02-27 Warren Buffett's Letters to Berkshire Shareholders》。 Purchase-Price Accounting Adjustments and the "Cash Flow" Fallacy First a short quiz: below are abbreviated 1986 statements of earnings for two companies. Which business is the ...
1987-02-27 Warren Buffett.The Fechheimer Bros. Co.
Refer To：《1987-02-27 Warren Buffett's Letters to Berkshire Shareholders》。 The Fechheimer Bros. Co. Every year in Berkshire’s annual report I include a description of the kind of business that we would like to buy. This "ad" paid off in 1986. 每年我都会在 ...
1987-02-27 Warren Buffett.The Buffalo News
Refer To：《1987-02-27 Warren Buffett's Letters to Berkshire Shareholders》。 o Operating results at The Buffalo News continue to reflect a truly superb managerial job by Stan Lipsey. For the third year in a row, man-hours worked fell significantly and ...
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