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Berkshire Hathaway 2007 Annual Report (PDF)
- jbrun 19y agoExtremely insightful, i like the moat quote - can definitely be applied to some online companies (amazon, google, facebook...). Also loved this part: A footnote: We paid the IRS tax of $1.2 billion on our PetroChina gain. This sum paid all costs of the U.S. government – defense, social security, you name it – for about four hours.
- henning 19y agoThese reports are written so that someone with almost no knowledge of investing can comprehend them, which is rare in a corporate America that is knee-deep in bullshit.