The investment company Berkshire Hathaway had around 80 per cent shareholding at New Year. That makes “The Oracle of Omaha” self-critical.
“The Oracle from Omaha”: Investor legend Warren Buffett published his annual shareholder letter on Saturday afternoon.
–
–
Berkshire Hathaway increased its operating profit by 45 percent to $ 7.29 billion in the fourth quarter. Profit after tax increased to $ 39.65 billion, up from $ 35.84 billion.
In total, the company’s balance sheet is now around 144 billion dollars, says top manager and investor legend Warren Buffett in his annual shareholder letter that comes with the quarterly report.
In good tradition, Buffett draws the lines back in the history of the shareholder letter. This time he writes March 11, 1942 bought three shares at 114.75 kroner per piece, which demanded all his savings.
Later, he has always had at least 80 percent of his fortune in shares, he writes and emphasizes that he prefers to have all the money invested in shares.
– Berkshire now has around 80 percent of the value invested in shares. It is a consequence of the fact that I have failed to find whole companies or smaller parts that meet our criteria for long-term investments, Buffett writes in the shareholder letter.
The investor legend’s letter is considered to be one of the world’s most read shareholder letters. Buffett has been writing the letter annually since 1965.
Unlike most other companies in the world, Berkshire Hathaway strives to post important company information on Saturdays whenever possible. The reason is that “maximize the time” shareholders and the media have to “absorb the news” before the markets open after the weekend, as Buffett himself explains.
–
