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Did Warren Buffett Move the Goalposts in the Latest Letter?

It appears even the Oracle of Omaha may be vulnerable to short term performance pressures. The Berkshire report came out today, and it has magically changed formats to deemphasize the fact the book value per share has lagged the S&P 500 for 5 out of the last 6 years.

A pretty terrible streak of book value performance (explained in the opening discussion).

Examining re ...

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