← Back to Letters

1986 Shareholder Letter - Summary

Key highlights from Buffett's 1986 letter to shareholders.

buffettberkshire1986capital-allocationreturn-on-equityannual-lettersummary1986

1986 Shareholder Letter - Summary

1986 net worth increased $492.5 million or 26.1%, with per-share book value growing from $19.46 to $2,073.06 — a 23.3% compound annual return over 22 years. This letter introduced "The Sainted Seven" and explained Berkshire's two jobs.

Topics Covered

  • Key Points
  • Famous Quotes
  • Related

Source: Full Letter

Related Links