Berkshire Hathaway: Hold Off Until Buffett Steps Down [View article]
Color me petulant, but $100 million out of $40 billion isn't 2%! 2% of 40 billion is $800 million. You meant 0.25%.
All I really know is that the 2006 Shareholder's letter said: Overall Gain – 1964-2006 361,156%
I'll stick with the man who gave his shareholders a 361,156% gain rather than take the advice of the one who seemingly has more difficulty with math. ;-)
Berkshire Hathaway: Hold Off Until Buffett Steps Down [View article]
All I really know is that the 2006 Shareholder's letter said:
Overall Gain – 1964-2006 361,156%
I'll stick with the man who gave his shareholders a 361,156% gain rather than take the advice of the one who seemingly has more difficulty with math. ;-)
reinharden