Chapter 7 Part 5: 2014 and Decade Review
The Complete Financial History of Berkshire Hathaway | Adam J. Mead | ISBN: 978-0-85719-912-6
← Prev: Chapter 7 Part 4: Berkshire 2012-2013 | Next: Chapter 8: Berkshire’s First Fifty Years →
The Complete Financial History of Berkshire Hathaway | Adam J. Mead | ISBN: 978-0-85719-912-6
← Prev: Chapter 7 Part 4: Berkshire 2012-2013 | Next: Chapter 8: Berkshire’s First Fifty Years →
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.
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.
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.