Decade review

Chapter 6 Part 5: 2004 and Decade Review

The Complete Financial History of Berkshire Hathaway by Adam J. Mead (ISBN 978-0-85719-912-6)


2004 is the year Berkshire’s operating businesses scream success and Buffett still apologizes for sitting on $43 billion in cash. That tension defines the late Buffett era. Mead uses 2004 to teach insurance culture in detail, then zooms out for a full decade reckoning of 1995-2004.

Chapter 5 Part 6: 1994 and Decade Review

The Complete Financial History of Berkshire Hathaway by Adam J. Mead (ISBN 978-0-85719-912-6)


1994 is where Buffett’s “size is an anchor” warning finally starts looking real. Net worth grew $1.45 billion, or 13.9%. That is still a great year for most companies. For Berkshire it felt like a slowdown, and Buffett did not pretend otherwise. A fat wallet, he wrote, is the enemy of superior investment results. The methods stayed the same. The standards did not drop.

Chapter 4 Part 6: 1984 Finish and Decade Review

The Complete Financial History of Berkshire Hathaway by Adam J. Mead (ISBN 978-0-85719-912-6) finishes Chapter 4 with the rest of 1984 plus a full decade review of 1975-1984. Insurance mistakes, a bold bond bet, and a reconciliation table that shows how Berkshire actually grew.