Berkshire Hathaway 2014 Annual Report Download - page 3
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BERKSHIRE HATHAWAY INC.
2014 ANNUAL REPORT
TABLE OF CONTENTS
Berkshire’s Performance vs. the S&P 500 ............................................. 2
Chairman’s Letter* ................................................................... 3
Acquisition Criteria ................................................................... 23
Berkshire – Past, Present and Future* ................................................. 24
Vice Chairman’s Thoughts – Past and Future .......................................... 39
Business Activities ................................................................... 45
Selected Financial Data for the Past Five Years ....................................... 46
Management’s Report on Internal Control Over Financial Reporting .................. 46
Report of Independent Registered Public Accounting Firm ............................ 47
Consolidated Financial Statements .................................................... 48
Management’s Discussion ............................................................ 86
Owner’s Manual ...................................................................... 117
Intrinsic Value ........................................................................ 123
Common Stock Data .................................................................. 124
Operating Companies ................................................................. 125
Real Estate Brokerage Businesses ..................................................... 126
Daily Newspapers .................................................................... 127
Purchase Agreement for National Indemnity and National Fire & Marine .............. 128
1964 Annual Report .................................................................. 130
Directors and Officers of the Company ................................. Inside Back Cover
*Copyright©2015 By Warren E. Buffett
All Rights Reserved