Berkshire Hathaway (:Brk-bTo be in style BrC-A) The main wielder Buffet defended his company’s growing money, reflected in errors, and reiterated what he called the US Miracle “American Miracle” reported at $ 47.4 billion.
Write in his A 2024-year-old letter Bartcashir’s shareholders were published on Saturday, Buffett said that the record profit came, despite the company’s business in more than half (53%), which has declined last year.
“In 2024, Berkshire did better than I expected that 53% of our 189 operating business earned a decline in earnings,” Buffett wrote. “We have supported the predictable profit of investment income, as the yield of the treasury bill has improved, and we have significantly increased our reserves of these high liquid short-term securities.”
At the end of the year, the pile of cash and other cash registers, such as treasury payments of cash and other cash registers, amounted to almost double, 167.6 billion in 2023. The value of the portfolio of Berkshire’s share was $ 272 billion at the end of the year; At the end of 2023, these reserves were estimated at $ 354 billion.
Big sale of Berkshire shares in Apple (:Aapl) During the first quarter of 2024, the second quarter saw the value of its own holding for about $ 100 billion.
Berkshir Hatava President Warren Buffett is taking part in the annual meeting of the annual shareholders of Berkshir Hatavits in the United States, 2024. May 3. Reuters / Scott Morgan ·Reuters / Reuters
“Despite what some commentators are currently in Berkshire as an extraordinary monetary position, most of your money remains in stock,” Buffett wrote on Saturday. “That preference will not change.
“While our property soldier Last year the shares were down to $ 354 billion to $ 272 billion, the cost of our non-cited shares increased slightly and remains. apart greater than worth sold Portfolio:
“Berkshire shareholders can be sure that we will pass on most of their money in stocks, mainly US stocks, although many of them will have important importance.”
For the full year of 2024, the total income of Berkshire reached $ 371.4 billion, from $ 364.5 billion last year. In 2023, he tall was raised at $ 41.6 billion, reflecting how these figures can use Buffett’s words. The company’s $ 47.4 billion operating profit excludes its investment portfolio profits or losses.
The net earnings reported by Berkshire, including its investment, rose $ 89 billion last year, decreased from $ 96.2 billion in 2023.
At the top of this year’s annual letter, Buffett began to make many mistakes in Berkshire Hatava for years, but the main comments led the late Tom Murphy council. “Praise by name, criticize according to the category.”
“Sometimes I made mistakes in assessing the future economics of business purchased for Berkshire. Everyone was wrong. This happens with two verdicts partial Business property and 100% acquisition of companies.
“At other times, I made mistakes when I appreciate the capacity or loyalty of the leaders to Berkshire. Disappointments of loyalty can damage their financial influence, pain that can approach a failed marriage. “
“During 2019-23, I used the words” wrong “or” wrong “for you,” Buffett added. “Many other huge companies have never used a word by that line.”
Buffett added that taking into account his advanced age, “there will be no long before Greg Abel pledge and writes annual letters to shareholders of Berkshire.
“Greg is shared by the Degrait of Berkshire, that the” report “is what the annual debt is debt to the executive director of Berkhair,” Buffett wrote. “And he also understands that if you start cheating on your shareholders, you will soon believe your own cylinder and fool yourself too.”
With the reference of Berkshire, Buffett also noted the “disappointments” that populates the portfolio.
“We have nothing to do,” Buffett wrote. “But we have a number I shouldn’t buy.”
Buffett, as he did in recent years, also boasted the tax expenses of Berkshire and united the US economic tail, which benefited himself and his business as an investor and operator.
In this year’s letter, Buffett noted that the 26.8 billion dollars paid by Berkshire this year is the most individual company that has ever paid to the US government.
“In order to accurately, Berkshire made four compensations last year to $ 26.8 billion.
“A very The shareholders of the Berkshire took part in the American miracle, the above-mentioned dividends, re-elected than consumed, “Buffett wrote.
“This rebiting was small, almost meaningless, but over time it was mushrooms, reflecting a mixture of savings.
“Berkshire’s activities now affect all the corners of our country. And we are not over … One day your nephews and nephews in Berkshire hope to send you even more payments. “
In addition to commenting on Buffish business and other investment topics, Buffett’s letter followed the changes in the annual meeting of the company’s territory, which was usually held on the first weekend of May.
This year’s publication, which is scheduled for May 3, will be presented “a slightly modified schedule,” Buffett wrote on Saturday, the popular Q & A session, and ends earlier.
Buffett will once again join the Vice President of Berkshire Greg Abel Abel – Buffett’s heir, and Jane has been in two and a half hours, starting at 8 am. From 00 to Q & A session packing until 1 PM. 00
Over the years, Buffett’s Q & A has stretched with shareholders at a local time. 00. In 2020, Q & A went well at night.
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