Those increases, however, masked declines in operating profit, which Buffett considers a better gauge of overall performance, and which fell 18 percent a year ago to $14.46 billion.
That means the overall gain from the company's 1964 initial public offering to the end of previous year would have shown a per-share increase in market value of 2,404,748 percent, according to the letter, compare to the broader market's gains of 15,508 percent during that time, when including dividends.
Berkshire on Saturday reported a record quarterly and annual profit, both of which received a $29.1 billion boost from the recent lowering of the US corporate income tax rate, which reduced its deferred tax liabilities.
The billionaire and CEO of Berkshire Hathaway highlighted a $29 billion tax gain for his company, bemoaned a lack of good deals and reminded his readers that owning stocks through low-priced index funds was the best way to build wealth over time.
Missouri GOP: Indictment is 'political hit job'
She said on the tape that Greitens invited her downstairs at his home because he wanted to show her "how to do a proper pull-up". A spokeswoman for Gardner said in a statement on Friday that the prosecutor will not "litigate this case in the media".
Buffett is the third-richest person in the world, with a net worth of $86.3 billion, according to the Bloomberg Billionaires Index.
Warren Buffett published his annual letter on Saturday, and it came with some of the usual trimmings: sage advice and reflections on the past year's success.
"The remaining $29 billion was delivered to us in December when Congress rewrote the U.S. Tax Code", he explained.
'Only $36 billion came from Berkshire's operations, ' he wrote. That kept Berkshire from making the kinds of big deals Buffett prefers.
Cavs can't get past Wall-less Wizards
I've been wearing 22 my whole life, and to get to wear it for the Cleveland Cavaliers is beyond a dream come true. Nance Jr. said he's thrilled to have the chance to honor his father, who spent eight seasons with the Cavs.
"Prices for decent, but far from spectacular, businesses hit an all-time high", he said. Van Damme is also board member of Anheuser-Busch Inbev and Restaurant Brands International. Those storms are a significant part of why Berkshire's insurance underwriting recorded a loss in 2017 after 14-straight years of underwriting profits. And it holds major investments in such companies as Coca-Cola Co., Apple and Wells Fargo & Co.
Morgan Stanley estimates that Berkshire could see an earnings boost of as much as $35 billion in last year's final quarter. In summary, pretax income of $20B in 2017 was up about $950M from 2016. Berkshire's "A" shares also became the first stock ever to reach a price of $300,000.
Warren Buffett said in his annual letter the practice of managing portfolio risk using a specified ratio of bonds-to-stocks is flawed.
Netanyahu will respond if, when an US Embassy announcement made
The founding of Israel seven decades ago on May 14, 1948, is mourned by Palestinians as the Nakba , or "catastrophe" in Arabic. The U.S. ambassador to Israel and a small team of embassy personnel will make the initial move.