# Berkshire Hathaway 2017 Annual Report

<http://www.berkshirehathaway.com/2017ar/2017ar.pdf>

- Host: [berkshirehathaway.com](https://links.thingelstad.xyz/hosts/berkshirehathaway.com/)
- Saved: February 26, 2018 (2018-02-27T04:57:12Z)
- Record: https://links.thingelstad.xyz/links/9efce6703afa/
- JSON: https://links.thingelstad.xyz/links/9efce6703afa.json

## What Jamie wrote

Warren Buffett's shareholder letter is always a great read. Nea

> The $65 billion gain is nonetheless real – rest assured of that. But only $36 billion came from Berkshire’s operations. The remaining $29 billion was delivered to us in December when Congress rewrote the U.S. Tax Code.

44% of their gain was a result of the tax overhaul. The read on his 10-year "bet" against managed funds is very good (news flash, the index fund won). Plus bonus points for quoting Kipling.

## Facts

- Kind: [Paper](https://links.thingelstad.xyz/kinds/paper/)

## Appears in

- [WT43: Weekly Thing #43 / Mar 3, 2018](https://weekly.thingelstad.com/archive/43/), Business

## Same host

- [2010ltr.pdf](https://links.thingelstad.xyz/links/48b4ec2008c1/) (berkshirehathaway.com, February 26, 2011)

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## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/http://www.berkshirehathaway.com/2017ar/2017ar.pdf