Buffett opened the letter, admitting that he made mistakes over the years without providing many concrete examples, but that the man he had chosen one day would take over him as CEO Greg Abel. Guaranteed to shareholders. He wrote that Abel is ready to act whenever he finds an important investment opportunity.
“We are fair in stock vehicle selection. We invest in either diversity based on where you can best deploy your (and my family’s) savings. He acts at such times. “It demonstrated the ability of the company,” Buffett wrote.
Berkshire also has held $33.4201 billion in cash after selling much of its shares in Apple and Bank of America over the past year and continuing to generate money from all its subsidiaries, including GEICO Insurance and BNSF Railroad. Given that there are many resources to work together. , a collection of major utilities and a selection of well-known retail businesses with leading manufacturers, including brands such as Dairy Queen and See’s Candy. That’s twice the $167.6 billion cash held by Berkshire a year ago.
Buffett spends $3.9 billion to acquire the remaining utility business from his former partner’s real estate, and a portion of that cash by spending $3.9 billion to buy another $2.6 billion pilot truck stop chain. I found some things to use. Buffett said Berkshire’s investment in five major major companies has also increased. Berkshire has now spent $13.8 billion on Japanese investments worth $23.5 billion over the past six years.
However, Buffett has struggled to find a massive acquisition in recent years, but he has confirmed that he has no plans to offer dividends. In what may nod to Buffett’s age, 94, the legendary investors announced that this year’s shareholder meeting in May will attract tens of thousands of people on a daily basis. Buffett and the two vice-chairmen, Berkshire, will only answer questions from 8am to 1pm. It’s a few hours longer than usual. Buffett also admitted that he has been using his wand recently to avoid “falling flat on my face.”
