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Berkshire Hathaway 2017 Shareholder Letter – Highlights, Notes, and Comments

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2017 was a very good year for Berkshire. Book value grew $65.3 billion, or 23%, and BRK’s stock price increased 21.62%, essentially in line with the 21.88% total return for the S&P 500. BRK’s gain in book value was significantly enhanced by the cut in the corporate tax rate enacted in December of 2017, which resulted in a gain of…

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