In aggregate these businesses earned more than $9 billion pre-tax in 2011. Contrast that to seven years ago, when we owned only one of the five, MidAmerican, whose pre-tax earnings were $393 million.
from Warren Buffett – Letter To Shareholders 2011 on Rap Genius
Meaning
With BNSF, Iscar, Lubrizol, Marmon Group, and MidAmerican Energy, Bershire Hathaway earned approximately 2,300,000% more in pre-tax earnings in 2011 than they did 7 years ago when MidAmerican Energy (the only non-insurance company they owned at the time) brought in $393 million in pre-tax earnings.
To help improve the meaning of these lyrics, visit "Letter To Shareholders 2011" by Warren Buffett and leave a comment on the lyrics box