Berkshire Is No Screaming Buy

Warren Buffett uses Berkshire Hathaway's (BRK.A/BRK.B) change in year-end book value (BV) to benchmark his success. His annual reports compare Berkshire's BV growth and the S&P 500's total stock market return with dividends reinvested. Mr. Buffett doesn't rate his company by how well it does as a stock. He cares mainly about increasing Berkshire's asset value over time.

From 1965 through 2012, Berkshire enjoyed great success. Cumulative results beat the S&P by 109.57%....290 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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