Warren Buffett's 2010 Shareholder Letter: What to Expect
Harvard Business Review
FEBRUARY 24, 2011
Imagine if managements, boards, and investors adopted them: we could restart our economy, energize our business school curricula and create prosperity for our children and grandchildren. But why compare apples (book value) to oranges (share price and dividends)? In all but seven of these 45 years, Berkshire beat the S&P.
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