How Much Has Berkshire Been Earnings Over the Last 10 Years?

We have three journalists who have been here before on the right and we have a distinguished panel on the left including a short seller, perhaps a first at an annual meeting. We will start off with Carol Lomas. I do want to tell you that Warren and Charlie have no idea of what our questions are going to be, no hints at all. And so we look forward to sending them curve balls. This is from William Bernard of Colleyville, Texas. You measure Berkshire's corporate performance based on growth and look value per share. The table on page 103 of the annual report shows book value per share has grown at less than an average 12% a year for nine of the last 11