Berkshire Hathaway Shareholder Letter 2021

| --- | --- | --- | |--------------------------------------|-------------------------------------------------------------------|------------------------------------| | Year | Annual Percentage Change \nin Per-Share Market Value of Berkshire | in S&P 500 with Dividends Included | | 1965 | 49.5 | 10.0 | | 1966 | (3.4) | (11.7) | | -- 1967 | 13.3 | 30.9 | | 1968 | 77.8 | 11.0 | | 1969 | 19 4 | (8.4) | | 1970 | (4.6) | 3 9 | | | | | | 1971 . | 80.5 | 14.6 | | | | | | 1972 | 8.1 | 18.9 | | 1973 . | (2.5) | (14.8 ...