That's down 7.9% from the year-earlier period when profits totaled $7.285 billion. Operating earnings refers to the total profits made from the businesses owned by the conglomerate.
Meanwhile, Berkshire used $2.855 billion to buy back shares in the fourth quarter. That's lower than the year-earlier period when share repurchases totaled approximately $6.9 billion. Buffett said in his annual shareholder letter that Berkshire will continue to hold a "boatload" of cash and U.S. Treasury bills along with its myriad of businesses. He specified that future CEOs in the company will have a "significant part" of their net worth in Berkshire shares.
I will feel bad when they have to live in their car.
Boycott Tesla
clowns and a laundry money making machine.
I’m so bullish - Guy with $130B in cash 😉
Wait cash?!? Damn
Where is SenSanders outrage?
He lives modestly. Warren thinks he can help save the world by getting rich but not thinking like a rich guy. By doggies, he may have pulled it off. My grandpa was the same way--only less ambitious. And surrounded by the old Confederacy. So a lot quieter, too. Respect the guy.
… all these companies hoard all this cash and you wonder why the government continues to print money.
Buffet ghost wrote this song