Berkshire is ‘100% prepared’ for when he and 96-year-old vice-chair Charlie Munger are no longer aroundBerkshire Hathaway CEO Warren Buffett, arrives at an annual shareholders meeting in Omaha, Nebraska, the US. Picture: JOHANNES EISELE / AFP
The Omaha, Nebraska-based conglomerate ended the year with a $128bn cash hoard, after repurchasing $2.2bn of stock in the fourth quarter and $5bn in 2019. Buffett's letters have grown shorter in recent years, with less humour and less discussion about the economy and investing. He attributed that in part to the"American Tailwind", or the economy's ability to grow despite roadblocks such as war, high inflation and financial panic.
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: