As 2022 wrapped, Warren Buffett’s Berkshire Hathaway was the largest shareholder of eight stocks that include traditional oil companies and financial-services giants.
Berkshire is also the dominant holder of Chevron CVX, +0.30% and Occidental Petroleum OXY, -0.41%, continuing a Buffett pledge in favor of fossil-fuel CL00, +0.17% ownership even as other parts of Berkshire dips into alternatives. Buffett also noted buybacks at AmEx and Apple AAPL, -1.80% — Berkshire’s largest position at the end of last year — increased the company’s ownership in each name.
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Warren Buffett’s Berkshire Hathaway Posts Big 2022 Loss in Rocky MarketWarren Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.
Source: WSJ - 🏆 98. / 63 Read more »
Warren Buffett’s Berkshire posts 8% drop in operating earnings as railroad business sagsBerkshire Hathaway’s operating earnings declined 8% in the fourth quarter to $6.7 billion after taxes, hurt by railroads and a decline in the U.S. dollar.
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Berkshire Hathaway fourth-quarter operating earnings fall 8%, cash hoard swells to nearly $130 billionBerkshire Hathaway's operating earnings totaled $6.7 billion in the fourth quarter of 2022, a release read Saturday. … all these companies hoard all this cash and you wonder why the government continues to print money. Buffet ghost wrote this song 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.
Source: CNBC - 🏆 12. / 72 Read more »