Hi all,
Berkshire Hathaway's per share book value shrank 9.6%, which was the largest decline since 1965. The company which he owns the largest percentage portion of company ownership is The Washington Post Company, where he owns 18.4% of the company, which he invested US$11 million in it, and its current market value as of 31/12/08 was worth US$674 million. Largest investment cost to date, US$7 billion on ConocoPhillips where he owns 5.7% of it, and its current value as of 31/12/08 was worth US$4.39 billion.
I love the way how Warren Buffet pans out his letter. He made an explanation on the way how an option worked and his argument towards the Black Scholes Formula. The 22- page letter is considered to be one of the best article I had read from him. To access the article, click
here.
Post me your views after you had read it.
