Xinhua Beijing, February 28, "Investment God" Buffett Saturday published to the shareholder open letter and Berkshaheiser Granville Company's 2009-year earnings. As the performance of the world's stock index derivatives improved, Berkshar last year's 4th quarter net profit burst by more than 25 times times, the full year book value also rebounded. According to the Taiwan Business Times, citing foreign reports, in a 18-page open letter, Mr. Buffett said the US could get out of the housing market in about 1 years. However, he also admits that the ability of Berkshar to defeat the broader index has "weakened" as the company grows, and that the "unpleasant trend" will continue. Berkshar 2009 per share of book value plus 19.8%, behind the S & P 500 index growth of 26.5%, became the 7th-degree lag since 1965. Since the current management team's 45-year tenure, Berkshire's book value from 19 U.S. dollars per share appreciation to 84,487 U.S. dollars, composite annual growth rate of 20.3%, significantly ahead of the S & P 500 index 9.3%. One of the main reasons for the value added to the book is that 20 of the big stakes were fully appreciated last year, and Berkshire's average stake was worth 59.034 billion dollars at the end of last December. Berkshire's shares were up to $3.06 billion trillion in the 4th quarter of last year, or $1,969 a share, well above $117 million a year ago or $76 a share. Quarterly revenue increased by 23%, to $30.2 billion. Last year, Burke Shahili 1.113 billion U.S. dollars, less than 2008 of 2.283 billion U.S. dollars, revenue of 61.67 billion U.S. dollars, less than 2008 66.1 billion U.S. dollars. Mr. Buffett says the turmoil of the past 2 years has been the best time for investors: the climate of fear is the best friend of the investor. Burke and put a lot of money in the early 2008, Berkshire's cash position amounted to 44.3 billion U.S. dollars, reduced to 30.6 billion U.S. dollars at the end of 2009, of which 8 billion U.S. dollars and has been scheduled for the acquisition of the northern Saint-Philip of Burlington (BNSF). Burke Summer after the acquisition of BNSF, at least 65,000 new shareholders, the total reached 500,000 people. The number of employees in Berkshire's business increased to 257,000. In 2009, Berkshire's A-shares and B-shares only rose 3% and 2% respectively. However, since the acquisition of BNSF, in line with the inclusion of the index, and formally included in February earlier this year, the Berkshire shares and B shares rose by more than 20% respectively. A shares in Friday on a share of 119,800 U.S. dollars, the highest record since October 21, 2008, B shares in 80.13 U.S. dollars.
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