Скачать или смотреть Buffett’s 1997 letter- A Year of Strong Growth and Insight

This episode explores the 1997 annual letter to Berkshire Hathaway shareholders where Warren Buffett reports a powerful 34.1 percent increase in per share book value. The letter gives a clear comparison to the performance of the S and P Index and explains how corporate taxes create meaningful drag when evaluating real returns.

A major highlight of the year is the continued strength of Berkshire’s insurance operations including GEICO and the super catastrophe business both of which deliver large underwriting profits and expand the company’s earning power. The letter also breaks down operating and look through earnings to help investors understand Berkshire’s true economic performance.

Buffett discusses the company’s disciplined acquisition philosophy long term investment approach and focus on intrinsic value. He also reviews key positions in silver and zero coupon obligations and closes with details about the upcoming annual shareholder meeting.

📈 Topics Covered
• Berkshire’s 34.1 percent gain in 1997
• GEICO and super catastrophe insurance performance
• Operating earnings and look through earnings explained
• Acquisition philosophy and long term investment strategy
• Berkshire’s silver and zero coupon investments
• Upcoming shareholder meeting highlights

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