Berkshire Hathaway just released its 2014 letter to shareholders. First things first, Berkshire Hathaway earned $2,412 per Class A share in the fourth quarter of 2014, missing expectations for earnings of $2,702...
With the acquisition of Van Tuyl, Berkshire now owns 9 1/2 companies that would be listed on the Fortune 500 were they independent (Heinz is the 1/2). That leaves 490 1/2 fish in the sea. Our lines are out.
And, if you think tenths of a percent aren't important, ponder this math: For the four companies in aggregate, each increase of one-tenth of a percent in our ownership raises Berkshire's portion of their annual earnings by $50 million.
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