In this story
Warren Buffett defended the size of Berkshire Hathaway (Brk.a-0.42%) Money in cash, which doubled last year at $ 334.2 billion, saying that most of his investors would always invest in shares, mostly US companies.
“Berkshire will never prefer ownership of cash assets over the ownership of good business, whether controlled or only partially owned,” he wrote in his letter to shareholders who follows the Annual Report Conglomerat.
While they fell $ 272 billion in the company’s built-in securities in the previous year, the value of non-cited controlled capital “has increased somewhat larger than the value of the market portfolio,” Buffett wrote.
Buffett also said Berkshire would probably increase his roles in IToch (ITCY+ 0.17%), Marubeni (Maruy+ 0.09%), Mitsubishi (Msbhf-0.43%), Mitsui (To make-1.87%) and Sumitomo (Ssumi-0.33%) Over time, as Japanese trading firms agreed to moderate 10% of ceilings on the role of the company. Berkshire was the first investment in five in 2019. years.
“Our admiration to these companies consistently bred,” Buffett wrote. They “increase dividends when appropriate, they redeem their actions when it is reasonable, and their top managers are far less aggressive in their compensation programs from their American colleagues.”
The company’s operational earnings jumped more than 25% in 2024. to 47.4 billion dollars, guided by strong insurance benefits – mainly in Geico, where the profit is made more than doubled to $ 7.8 billion – and Increased investment income in the amount of $ 7.8 billion – and increased income from investment.
Berkshire estimated his preliminary losses before the taxes from past monthly fires in California to $ 1.3 billion.
“Damage to the property arising from hurricane, tornadoes and wilderness is massive, growing and all unpredictable in their patterns and possible costs,” Buffett wrote.
Buffett also defended capitalism, saying that until his mistakes and abuses “respectfully respects the egreabouts than ever”, he can work wonders with undecided other economic systems.
The company did not buy none of their shares in the fourth trimester.
2025-02-22 16:55:00
