NEW YORK - Warren Buffett on Saturday defended Berkshire Hathaway Inc’s decision to invest heavily in the stocks of companies such as Apple Inc, while giving new details about how Berkshire Hathaway is prepared for his death in an annual letter to shareholders posted on the company’s website.
Despite those gains, Berkshire Hathaway’s stock has underperformed the broad U.S. stock market by gaining 11.7% over the last 12 months, compared with a 20.3% gain in the S&P 500 over the same time. Shares of the company are up 1.3% for the year to date. “What we can say is that if something close to current rates should prevail over the coming decades and if corporate tax rates also remain near the low level businesses now enjoy, it is almost certain that equities will over time perform far better than long-term, fixed-rate debt instruments,” Buffet wrote.
Ça c'est les baleines !!! et nous les petits poissons qui nous nous nourrissons de leurs crottes 😂
I’m glad he’s making a profit while I’m out of a home and no place to stay after investing in his stock 🤔🤔🤔
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren Buffett annual letter: Berkshire Hathaway record stock buybacks - Business InsiderBerkshire Hathaway's cash pile was $128 billion at the end of the year. It reached the record amount in the third quarter of 2019. Investing in the pyramid scheme to keep it going
Source: BusinessInsider - 🏆 729. / 51 Read more »
Berkshire Hathaway Posts $29.2 Billion in Quarterly EarningsBerkshire Hathaway’s earnings surged last year due to unrealized investment gains, and the conglomerate’s cash pile totaled $128 billion as of Dec. 31, slightly down from $128.2 billion at the end of the third quarter. Looking good This is news? Was he expected to tell his shareholders TO worry if he or his near 100 year old partner dies? Wait, some of the shareholders have shareholders? Is that a secret class of shares? Do I need to subscribe to find out about them?
Source: WSJ - 🏆 98. / 63 Read more »
Stocks Clinch Records, E*Trade Finds a Buyer and Walmart DisappointsWSJWhatsNow: A big U.S. bank announces a huge deal and retailers take a hit. paulvigna breaks down this week’s winners and losers.
Source: WSJ - 🏆 98. / 63 Read more »
Stock-investing strategy that's made 21% in 6 days over past 18 years - Business InsiderA simple trading strategy has historically made investors an average of 21% in just 6 days. Here's how Goldman Sachs says you can replicate it. Yeah. No. Pass. Sounds too good to be true. More BI clickbait.
Source: BusinessInsider - 🏆 729. / 51 Read more »