2010年巴菲特致股东的信中文全本（In 2010, Buffetts letter to shareholders was published in Chinese）.docVIP

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2010年巴菲特致股东的信中文全本（In 2010, Buffetts letter to shareholders was published in Chinese）.doc

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2010年巴菲特致股东的信中文全本（In 2010, Buffetts letter to shareholders was published in Chinese）

2010年巴菲特致股东的信中文全本（In 2010, Buffetts letter to shareholders was published in Chinese） The following is a letter from Buffett to shareholders in 2010. The full text of Chinese translation is provided for your reference. World financial network To the shareholders of Berkshire Hathaway Inc.: World Financial Network In 2009, Boxill Hathaways net worth increased by $21 billion 800 million, making the book value of our A shares and B shares rise by 19.8% per share. Over the past 45 years, the current management takeover of the company, the book value rose from $84487 to $19, an annual compound growth rate of 20.3%*. (* all data per share in this report are applicable to Berkshires A shares, and B share data is 1/1500 of A shares. ) 21 The company recently acquired the Burlington Northern Santa Fe (BNSF), which is about 500 thousand of our existing shareholders at least an increase of 65 thousand. For me and my long-time partner, Charlie Munger (Charlie Munger), all shareholders it is of great significance to understand the companys business, objectives, limitations and culture. So, in every annual report, we reaffirm the economic principles that guide us. These principles are published in pages eighty-ninth to 94 this year, and I urge all of you, especially the new shareholders, to read these principles. Berkshire has been sticking to these principles for decades and will continue to stay long after Im gone. We will also review the basic situation of the business in this letter and hope to provide new tutoring and review courses for the new BNSF shareholders and the old shareholders. World financial network How do we measure ourselves, 21? Our standards for assessing management performance are posted on the front page. Charlie and I thought at first that there was a rational and firm standard for measuring our completed and unfinished work. This prevents us from being tempted to focus on performance. World financial network Taking the S P 500 index as our benchmark is an