Wuwei
Gold Member
- Apr 18, 2015
- 5,341
- 1,176
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The rich get richer. This is Buffet's letter to shareholders
http://www.berkshirehathaway.com/letters/2017ltr.pdf
... 2017 was far from standard: A large portion of our gain did not come from anything we accomplished at Berkshire.
The $65 billion gain is nonetheless real – rest assured of that. But only $36 billion came from Berkshire’s operations. The remaining $29 billion was delivered to us in December when Congress rewrote the U.S. Tax Code.
http://www.berkshirehathaway.com/letters/2017ltr.pdf
... 2017 was far from standard: A large portion of our gain did not come from anything we accomplished at Berkshire.
The $65 billion gain is nonetheless real – rest assured of that. But only $36 billion came from Berkshire’s operations. The remaining $29 billion was delivered to us in December when Congress rewrote the U.S. Tax Code.