Buffett defends investments in stocks, which fueled record Berkshire profit

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 🤔🤔🤔

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