1988 Shareholder Letter - Summary
Key highlights from Buffett's 1988 letter to shareholders.
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1988 Shareholder Letter - Summary
1988 net worth increased $569 million or 20.0%, with per-share book value reaching $2,974.52 — a 23.0% compound annual return over 24 years. The letter explained why the capital base now makes 15% growth require $10.3 billion.
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Source: Full Letter