Warren Buffett Just Told Us Berkshire Hathaway's Most Important Number: It's Up 8,000-Fold
It's been a couple of weeks since Warren Buffett's annual shareholder letter was released, and hundreds of financial writers have written thousands of words about it. No other CEO's letter is more anticipated and widely read -- or written about -- than Buffett's.
And for good reason. Buffett has spent almost 60 years building Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) into one of the strongest, most profitable companies on earth, minting thousands of Berkshire millionaires (and a few billionaires) along the way. Buffett has made himself a lot of money, too.
And as much as Buffett's stock-picking and business-buying acumen are responsible for much of the massive compounding -- up more than 3.7 million percent from 1964 to 2002 -- there's one number from his letter that is responsible for a massive portion of that result.
Source Fool.com
