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How to Calculate Per-Share Value Growth and Normalize Profitability
Gonna Scracious: Berkshire Hellaway's value has climbed 10.7% in 2020 and later you estimate normalized profitability around $42 billion. In the broad S&P 500, for example, if you go back using data to the mid-1980s, on the order of 15% of profits every year are written off or written down. With any business, it's the per-share numbers that really matter," he says. "In my world, what I'm really trying to find are good businesses"