巴菲特在10月16日於紐約時報(The New York Times)發表一篇文章,表示他個人對目前股市的看法。眾所皆知,巴菲特很少對市場情勢公開發表看法,但是此時他卻選擇投書紐約時報,究竟他說了什麼呢?
下表是1965年~2007年波克夏(Berkshire Hathaway)公司的淨值成長率 VS. S&P 500指數報酬率,其中波克夏的淨值成長率是稅後數字,S&P 500指數報酬率則是稅前數字。
乍看之下或許並不令人訝異,但是如果我們將這些數據整理彙總後,相信你會大吃一驚。
BERKSHIRE HATHAWAY INC.
To the Shareholders of Berkshire Hathaway Inc.:
Our gain in net worth during 2007 was $12.3 billion, which increased the per-share book value of both our Class A and Class B stock by 11%. Over the last 43 years (that is, since present management took over) book value has grown from $19 to $78,008, a rate of 21.1% compounded annually.*
