December 2009
Beginner
272 pages
6h 31m
English
Berkshire acquisitions include:
Helzberg's Diamond Shops
R.C. Willey Home Furnishings
Star Furniture
Dairy Queen
General Reinsurance
NetJets
In 1995, Berkshire acquires remaining 50% of GEICO for $2.3 billion.
In 1995, Berkshire's net worth gained $5.3 billion, or 45.0%. Over the past 31 years, per-share book value has grown from $19 to $14,426, or at a rate of 23.6% compounded annually.
In 1996, Berkshire issued B shares (at one-thirtieth the price of the A shares) to discourage the formation of mutual funds for investors who could not afford the purchase of A shares.
In 2001, Berkshire incurred a $2.2 billion underwriting loss from the 9/11 attack on the World Trade Center.
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