Tuesday, January 29, 2008

Warren Buffett and Berkshire Hathaway 1978

Warren is now in his second year of a copyrighted annual reports, which began in 1977...There is a demand for his current annual and past annual reports...Earnings for Berkshire Hathaway was reported to be $21.9 million in 1977....Warren now reports 1977 earnings in a table format and to be $30.39 million and for 1978 earnings are $39.2 million...
The largest earnings categories are:
Net Investment Income $16.4 million
Illinois National Bank $ 4.3 million
See's Candies $ 3.1 million
Mutual Savings & Loan $ 3.0 million
Insurance Underwriting $ 1.6 million

Holdings of $8 million or more:
American Broadcasting Company...A television network and radio stations...
GEICO preferred shares, An insurance company...
GEICO common shares, An insurance company...
Interpublic Group of Companies, The largest advertising agency in the world...
Kaiser Aluminum & Chemical, An aluminum and chemical company...
Knight-Ridder Newspapers, Inc, A large newspaper company...
SAFECO, an insurance company...
The Washington Post, Class B, A large newspaper which covers Washington D. C. ...The Washington Post is the largest market holding in the stock portfolio in 1978...

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