Warren Buffet

Note: The following table appears in the printed Annual Report on the facing page of the Chairman's Letter

Berkshire’s Corporate Performance vs. the S&P 500

Annual Percentage Change in Per-Share in S&P 500 Book Value of with Dividends Berkshire Included (1) (2) 23.8 10.0 20.3 (11.7) 11.0 30.9 19.0 11.0 16.2 (8.4) 12.0 3.9 16.4 14.6 21.7 18.9 4.7 (14.8) 5.5 (26.4) 21.9 37.2 59.3 23.6 31.9 (7.4) 24.0 6.4 35.7 18.2 19.3 32.3 31.4 (5.0) 40.0 21.4 32.3 22.4 13.6 6.1 48.2 31.6 26.1 18.6 19.5 5.1 20.1 16.6 44.4 31.7 7.4 (3.1) 39.6 30.5 20.3 7.6 14.3 10.1 13.9 1.3 43.1 37.6 31.8 23.0 34.1 33.4 48.3 28.6 .5 21.0 6.5 (9.1) (6.2) (11.9) 10.0 (22.1) 21.0 28.7 10.5 10.9 6.4 4.9 21.5 305,134 10.3 5,583

Year 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

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