Berkshire Hathaway’s annual report regularly features a table summarizing the performance of the company for almost 60 years since the current management, led by Buffett, took over. The returns are impressive, to say the least. But what’s even more remarkable is the consistency throughout the decades.
There were ups and downs, of course. But in general, there is consistent, steady progress through the years.
As a farmer, it might be interesting to lay out your track record on an annual basis. While Berkshire Hathaway expresses its two key figures as per-share book value and per-share market value, you can determine what you want to measure. That might include gross and/or net income, net assets, or something else that you find relevant. How you measure the financial success of your business is up to you.
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