Warren Buffett’s annual letter to shareholders was released over the weekend. Here are the highlights:
Business Operations-Book value increased 19.8% last year, gaining $21.8 billion in net worth, and is at $84,487 per share. In the last 45 years, Berkshire never had a five-year period during which its book value didn’t outperform the S&P 500.
The company had net income of $8.06 billion, or $5,193 per share in 2009, which is about $155 million a week. It has $156.6 billion in cash and securities, or approximately $100,000/share. More Information (From http://www.gurufocus.com/news.php?id=86447)