BERKSHIRE HATHAWAY INC.
1997 Chairman's Letter
To the Shareholders of Berkshire Hathaway Inc.:
Our gain in net worth during 1997 was $8.0 billion, which increased the per-share book value of both our Class A and Class B stock by 34.1%. Over the last 33 years (that is, since present management took over) per-share book value has grown from $19 to $25,488, a rate of 24.1% compounded annually.
1. All figures used in this report apply to
Berkshire
's A shares,
the successor to the o ...