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2004 Shareholder Letter - Summary

Key highlights from Buffett's 2004 letter to shareholders.

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2004 Shareholder Letter - Summary

2004 net worth increased $8.3 billion or 10.5% (S&P 10.9%), falling just short of the index. Per-share book value reached $55,824 — a 21.9% compound annual return over 40 years.

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Source: Full Letter

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