巴菲特致股东信2004.docVIP

世界经理人文库——管理库 知识库： HYPERLINK /index.php /index.php Warren Buffetts Letters To Berkshire Shareholders 2004巴菲特致股东函 2004 Warren Buffetts Letters To Berkshire Shareholders 2004 巴菲特致股东函 2004 Note: The following table appears in the printed Annual Report on the facing page of theChairmans Letter and is referred to in that letter. 附注：下表系董事长致股东函的参考资料，并载于年度报告的封面。 Berkshire’s Corporate Performance vs. the SP 500 Relative Annual Percentage Change Results (1)-(2) Year in Per-Share Book Value of Berkshire (1) in SP 500 with Dividends Included (2) 1965 23.8 10.0 13.8 1966 20.3 (11.7) 32.0 1967 11.0 30.9