1976 Shareholder Letter - Summary
Key highlights from Buffett's 1976 letter to shareholders.
buffettberkshire1976return-on-equityinsuranceannual-lettersummary1976
1976 Shareholder Letter - Summary
After two dismal years, 1976 delivered a strong recovery with 17.3% return on shareholders' equity and record operating earnings of $16,073,000 ($16.47 per share). The insurance business rebounded dramatically as rate increases finally outpaced cost inflation.
Topics Covered
- Key Points
- Famous Quotes
- Related
Source: Full Letter