Buffett, who was unlikely reflected in the main position of the letter, as opposed to 10 years ago, when he and his old contributor Charlie Munner, who. Died in 2023Issued Separate reflections To the company after 50 years of their leadership. But Berkshire will offer a 60th anniversary book of the company’s history stories and lessons.
Buffett quoted the fact that Berkshire paid zero income taxes to 1965, as definitely, the investment has been incorrectly increased by $ 26.8 billion years – “Many more corporate income taxes than US government ever. He received from any company, even American technology titanium, which order trillions to market values. “
Buffett is unlikely to mention the policy and current events in his latest letters. Prefer to stay away from any contradictory, which can damage Berkshire companies, but on Saturday, he called on the government to be responsible for the money.
“Thank you, Uncle Sam. One day your cousins ​​and nephews to Berkshire hope to send you even greater payments than we did in 2024. Life: They deserve better. And never forget that we need to keep a stable currency, and that result requires and enhances the buffet ideals he has long to support.
CFRA research analyst Katifert said: “I honestly thought a very subtle way that was a powerful message.”
Investment force
Abel will have a lot of resources when he will finally take over, taking 334.2 billion dollars in cash after selling most of his Apple and Bank Bank bank, BNSF rail, large utilities. Collection of large manufacturers and famous retail businesses, which include queen of dairy products and such brands Candy it is almost double $ 1,67.6 billion cash berkshire a year ago.
Buffett found a few things for the use of this cash last year, spending $ 3.9 billion to purchase the rest of the former partner’s property and more than another $ 2.6 billion. Buffett noted that he also added the contribution of Berkshire into five Japanese congresses, and he will probably invest more in them, as these companies have agreed to raise the Berkshire above 10%. Over the past six years, Berkshire has already spent $ 13.8 billion on Japanese investment, which now cost $ 23.5 billion.
But while Buffett struggled to find large achievements in recent years, he confirmed that he did not offer any dividend, as he believes that the money returns.
Investors Bill of Smead Capital Management says that Buffett’s actions show that he actually “bears the hell, but he won’t accept it.” He probably thinks that the stock exchange is terribly expensive to see it. And the best investment opportunities found in recent years have been outside the United States.
But in Gabel’s funds Macrew Sikes says that the monetary pile of Berkshire should be considered as basic active, as it provides “Berkshire’s competitive capacity when motivated.” Although it is rare when the conglomerate deploys, historically led to a measurable future return. “
The results of softness.
Buffett noted that Berkshire is better than waiting last year, although in 2024.
Berkshire reports can make it really difficult to make its companies actually do, as the numbers include the value of the investment paper of all companies that can be greatly different in a quarter. Thus, Buffett has long advised to focus on operational profits.
In the fourth quarter, Berkshire earned $ 19.69 billion in profit or $ 13,695 per class. That’s a little more than half more than half a $ 26,043 for the class, reported a year ago. But operating earnings tells a lot of other history. The operating profit increased significantly by $ 14.5 billion, or $ 10,10,07 for the lesson, from $ 8.5 billion or $ 5,878.21 last year. Four analysts surveyed as a result of FactSet research predicted $ 6,932 operating earnings per share.
My analyst Jim, Jim, said that weakness in Berkshire companies is worrying.
“It may not be a better company to make a diversified look into a wider production, retail, consumer power force than Berkshire. And I like these results soft, and it is worried about how strong the economy can be right now, “said Shanahan.
He said that Berkshire’s earnings could decrease all over 2025 if that weakness continues, he said. The company also said that it expects to damage at least $ 1.3 billion in the first quarter of insurance claims related to the devastating California fires.
Changes of wooden wooden wood
What could be 94-year-old Buffett’s age, the legendary investor announced that this year’s meeting this year’s shareholders, which regularly occupies tens of thousands of people, will be shorter. Buffett and the two Butcshir vice-presidents will only answer the questions, from 8 in the morning to 1 in the morning, less than usual. Buffett also admitted that he used a cane these days to avoid “remaining face.”
This year, Buffett said that there would be no humorous film, which traditionally opens the match with the variety of sketches and advertisements of “Berkshir companies”. But he assured that the shareholders will be a long time for them to buy goods from all Berkshire companies, which creates pavilions to Omaha Arena, where the meeting is held.
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