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Warren Buffett on Business: Principles from the Sage of Omaha by Richard J. Connors

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A.27. 2008

Berkshire's net worth declined by $11.5 billion, which reduced the book value of Berkshire shares by 9.6%. Over the last 44 years, book value has grown from $19 to $70,530, a rate of 20.3% compounded annually.

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