Warren Buffett says Berkshire Hathaway ‘did better than I expected’ last year in latest letter to shareholders
BRK-B, BRK-A), Warren Buffett, CEO of his growing monetary company, reflected on errors, and once again reached what he called the “American Miracle” of American economic growth over the past two centuries, where the group reported operating profits. It is $ 47.4 billion last year.
Writing in him 2024 annual messages To Berkshire's shareholders published on Saturday, Buffett said that these record profits came despite more than half (53 %) of the company's operating companies that reported a decrease in profits last year.
“In 2024, Berkshire was better than I expected, although 53 % of the 189 -year -old operating companies reported a decrease in profits.” “We have helped gain great gains that are predicted in investment income with the improvement of the revenues of the Ministry of Treasury, and we have increased our property significantly from these short -term securities.”
At the end of the year, the Berkshire pile of cash and other cash -like securities, such as Treasury bills, amounted to 334.2 billion dollars, or approximately $ 167.6 billion seen at the end of 2023. The value of the property rights portfolio in Berkshire remained $ 272 billion at the end. General; At the end of 2023, the value of these holdings reached 354 billion dollars.
The main sales of the Berkshire theft in Apple (AAPL) during the first, second and third quarter of 2024 witnessed the value of its holders in the decline in the technological giant by about $ 100 billion.
“Despite what some commentators currently consider an extraordinary cash position in Berkshire, the vast majority of your money is still in stocks,” Pavit wrote on Saturday. “This preference will not change.
“While our ownership is in Marketable The stocks moved below last year from 354 billion dollars to 272 billion dollars, and the value of the shares is somewhat controlled and remained far Greater Marketable file.
“Berkshire shareholders can reassure us that we will forever spread a large majority of their money in stocks – most of them are from American stocks, although many of these international operations are of importance.”
For 2024, Berkshire's total revenue reached 371.4 billion dollars, an increase of 364.5 billion dollars in the previous year. Investment gains amounted to $ 41.6 billion, a decrease from 58.9 billion dollars in 2023 and reflects how these numbers can use Pavite's words, “swing violently and unexpectedly” from year to year. The profits of the operating company, which cost $ 47.4 billion, exclude gains or losses in the investment portfolio.
Berkshire's net profit, including investment gains, mentioned 89 billion dollars last year, a decrease of $ 96.2 billion in 2023.
Comments are closed, but trackbacks and pingbacks are open.