In 2017, Berkshire saw its net worth grow $65.3 billion, boosting its per share book value by 23%, according to Buffett's letter, published on Saturday. He noted, however, that only $36 billion came from Berkshire’s business operations.
"The remaining $29 billion was delivered to us in December when Congress rewrote the U.S. Tax Code," he explained. The new law cut the corporate income tax rate to 21% from 35%, a change that has seen boosting the earnings of scores of U.S. companies.
On Friday, Berkshire Hathaway A-shares were up $2,616 to $302,020 per share.
https://www.usatoday.com/story/money/2018/02/24/warren-buffett-balked-big-acquisitions-2017-because-high-prices/366916002/
