Berkshire Hathaway Chairman Warren Buffett Says Company Had 'Banner Year'.

Knight Ridder/Tribune Business News | March 10, 2003 | Copyright

By Grace Shim, Omaha World-Herald, Neb. Knight Ridder/Tribune Business News

Mar. 10--Despite the tumbling stock market and a sluggish economy, Omaha investment whiz Warren Buffett proclaimed 2002 a "banner year" for his company, Berkshire Hathaway Inc.

Berkshire's annual report, which came out Saturday, showed a 10 percent increase in its basic value, compared with a 22.1 percent drop in the value of the benchmark Standard & Poor's 500 index.

It was Berkshire's best performance compared with the stock market since 1981 and brought record ...

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