It is always interesting to see how different news outlets deal with the same piece of news. This morning Warren Buffett’s Berkshire Hathaway (BRKa) released 2005 results including Buffett’s always highly anticipated Chairman’s Letter. The following are few different headlines.
Berkshire’s Earnings Surge 54% (Wall Street Journal)
Buffett says Berkshire gain beat S&P 500 for the year (USA Today/AP)
Buffett: caution ahead (CNN/Money)
Berkshire earnings zoom 54% in quarter (Marketwatch.com)
Buffett Says Berkshire Agrees on Eventual Successor (Bloomberg.com)
So take your pick. Earnings, stock price performance or succession. All worthy items, but for Buffettologists the original source has no substitute.
As an interesting aside, Paul Kedrosky highlights the relationship (or lack thereof) between the length (in words) of Buffett’s annual letter and the performance of Berkshire’s stock.