Berkshire Hathaway Shareholder Letter 2020

| --- | --- | --- | |--------------------------------------|-------------------------------------------------------------------|------------------------------------| | 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 | | 3.9 | | | (4.6) | | | 1971 | 80.5 | 14.6 | | 1972 | 8.1 | 18.9 | | | | | | | | | | 1973 | (2.5) | (1 ...