巴菲特致股东的信-1994年

Buffett’s Letters To Berkshire Shareholders 1994
巴菲特致股东的信1994年
Our gain in net worth during 1994 was $1.45 billion or 13.9%. Over the last 30 years (that is, since present management took over) our per-share book value has grown from $19 to $10,083, or at a rate of 23% compounded annually.
1994年本公司的净值成长了14.5亿美元或是14.3%，总计过去30年以来，也就是自从现有经营阶层接手之后，每股净值由当初的19元成长到现在的10,083美元，年复合成长率约为23%。
Charlie Munger, Berkshire's Vice Chairman and my partner, and I make few predictions. One we will confidently offer, however,is that the future performance of Berkshire won't come close to matching the performance of the past.
查理．孟格-伯克希尔的主要合伙人跟我本身很少做预测，不过有一点我们倒是很确定，那就是伯克希尔未来的表现将很难再像过去那样的辉煌。