Saturday, February 28, 2009

Warren Buffett Releases 2008 Shareholder Letter

One document worth reading every year is Warren Buffett's 2008 letter to shareholders of Berkshire Hathaway (BRK.A) As it relates to his thoughts on the near term economic outlook:
We’re certain, for example, that the economy will be in shambles throughout 2009 – and, for that matter, probably well beyond – but that conclusion does not tell us whether the stock market will rise or fall.
On an absolute basis, Bershire reported its worst decline in per share book value of -9.6%. This did outpace the 37% decline in the S&P 500 Index though.

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