printmgr file (berkshirehathaway.com)
1. 查理芒格在23年年底接近100歲生日去世。巴菲特失去了多年的良師益友和生意夥伴；
2. 幾處提及2008，仍然會像在當年一樣準備足夠現金出手買入低估的好股票買入美國；
3. 美國能源從70年代依賴國外，到現今自給自足。oxy被特別提到。
4. 2023年伯克希爾輸給標普500：15.8% v. 26.3%
1999 ........................................................................ (19.9) 21.0
2000 ........................................................................ 26.6 (9.1)
2001 ........................................................................ 6.5 (11.9)
2002 ........................................................................ (3.8) (22.1)
2003 ........................................................................ 15.8 28.7
2004 ........................................................................ 4.3 10.9
2005 ........................................................................ 0.8 4.9
2006 ........................................................................ 24.1 15.8
2007 ........................................................................ 28.7 5.5
2008 ........................................................................ (31.8) (37.0)
2009 ........................................................................ 2.7 26.5
2010 ........................................................................ 21.4 15.1
2011 ........................................................................ (4.7) 2.1
2012 ........................................................................ 16.8 16.0
2013 ........................................................................ 32.7 32.4
2014 ........................................................................ 27.0 13.7
2015 ........................................................................ (12.5) 1.4
2016 ........................................................................ 23.4 12.0
2017 ........................................................................ 21.9 21.8
2018 ........................................................................ 2.8 (4.4)
2019 ........................................................................ 11.0 31.5
2020 ........................................................................ 2.4 18.4
2021 ........................................................................ 29.6 28.7
2022 ........................................................................ 4.0 (18.1)
2023 ........................................................................ 15.8 26.3
Compounded Annual Gain – 1965-2023 ........................................... 19.8% 10.2% Overall Gain – 1964-2023 ...................................................... 4,384,748% 31,223%
Note: Data are for calendar years with these exceptions: 1965 and 1966, year ended 9/30; 1967, 15 months ended 12/31
