Berkshire Hathaway (Brk-b, BRK-a) CEO Warren Buffett, defended the growing amount of money reflecting the mistakes, and the US economic growth has called the “American Miracle” over the past two years, which is $ 47.4 billion last year
Writing in her 2024 Annual Letter Berkshire shareholders broadcast on Saturday, this record profit, the profit of this registration has come to the decline in the decline in earnings last year, despite the fact that the company’s operational institutions (53%) said.
“In 2024, Berkshire, 189 operating enterprises said that 53% of our operations have declined, but it was better than expected.” Buffett wrote. “As the Treasury Account Improved, we had a great profit in investment revenues and significantly increased the holdings of these high-fluid short-term securities.”
At the end of the year, Berkshire’s treasury was worth $ 334.2 billion in Berkshire’s Cash and other money, almost $ 167.6 billion in the late 2023. The cost of Berkshir’s capital portfolio was $ 272 billion in the year; At the end of 2023, these holdings were estimated at $ 354 billion.
Large sales of Berkshire’s apple share (Aapl) The value of the technology giant holdings in the first, second and third quarter of 2024 has dropped to about $ 100 billion.
Berkshire Hathaway Chairman Warren Buffett Berkshire Hathaway Inc. in Omaha, Nebraska, Omaha, Nebraska participates in the shareholder meeting in Nebraska. Reuters / Scott Morgan ·Reuters / Reuters
“Although some commentators are currently viewing such as an emergency cash position in Berkshire, the vast majority of your money remains in capital,” he said. Buffett wrote on Saturday. “This preference will not change.
“Our property marketable Last year, the capital fell to $ 354 billion, up to $ 272 billion, the value of our cited capital, which is not quoted and remains distant is larger than the value marketable portfolio.
“Berkshire shareholders can be sure that the majority of the majority of money forever, mainly the majority of the majority in American capital.
The total revenues of Berkshir for 2024 full year reached $ 371.4 billion, reached $ 364.5 billion. Its investment profit is $ 41.6 billion in 2023, in 2023, how these numbers will be, “wildly and unpredictably”, “wildly and unpredictable”, “wildly and unpredictably swing” “reflects. The company’s $ 47.4 billion operating profit excludes the income or loss of investment portfolio.
Berkshire reported net profit information included in investment gains in 2023, under $ 96.2 billion in $ 89 billion.
At the beginning of this year’s annual letter, the buffet and buffets recommended many mistakes in Berkshire Hathaway, but the late Tom Murphy’s recommendations continued: “Praise in the name, criticize the category.”
“Sometimes I did a mistake in evaluating the future economy of a business I bought for Berkshire – each of the capital separation. partly Ownership of enterprises – and 100% of companies purchase.
“In other times, I made mistakes when assessing the abilities or loyalty of Berkshire managers.
“During the 2019-23 period, I used the words” wrong “or” wrong “in my letters 16 times,” Buffett said. “Many other giant companies never used the word on this span.”
Buffett added that if we take into account the developed age, Berkshire shareholders wrote to Berkshire shareholders before taking into account the advanced age.
“Greg, Berkshire Creed” report “Report” The CEO of Berkiri is the debt of the owners of Berkir, “Buffett wrote. “And he understands that if you begin to deceive your shareholders, you will soon believe in your own balloon and you will deceive yourself.”
Referring to Berkshire’s current investment, Buffett also noted some “disappointment” that fills the portfolio portfolio.
“We do not own a big drag,” Buffett wrote “, but we have a number I should not buy.”
Buffett, as in recent years, boasted Berkshire’s tax expenditures and looked at the US economic tail, which benefited him and their enterprises as an investor and operator.
This year’s letter is a company that provides $ 26.8 billion in taxes paid by Berkshire this year, this year is all the company’s company’s company to the US government.
“To be accurate, Berkshire made four payment to the IRS, which was $ 26.8 billion. This is what the whole corporate American money pays 5%.
“A too In a small way, Berkshire shareholders took part in by selecting the above dividends or to be selected to consume the above dividends, “Busfett wrote.
“Initially, this investment was small, almost meaningless, but over time, it was a mushroomed mixing of a civil culture combined with the magic of a long-term combination.
“Berkshire’s activities now affect all corners of our country. We hope that we will send bigger payments than we do in 2024 in Berkshire.”
In addition to the comments on Berkshire’s employees and other investment topics, Buffettin’s letter is closely monitored for changes in the first annual meeting of the company in the first weekend.
The publication of this year, which was determined for May 3, wrote “Table for somewhat”, Buffett wrote on Saturday and wrote the previously started and ended.
Buffett Berghire will be attended by Vice-Sauges – Ajit Jain, which is seen by Buffettin Heir and a short break in two and a short break, will only take the stamby stage, S & A session, until 1:00 p.m.
In the past, Buffettin has extended to 3:00 local time with Q & A shareholders; In 2020, Q & A ran good night.
