4,400,000% returns and $168 billion cash pile: Highlights of Warren Buffett’s letter india business news
Warren Buffett’s Berkshire Hathaway Inc. has announced that it cash reserves has reached an unprecedented level, as experienced investors have expressed frustration at the lack of significant transactions that could potentially lead to significant profits.
The group’s cash reserves hit an all-time high of $167.6 billion during the fourth quarter as it faced challenges in securing attractively priced deals.
Here are some key points from Warren Buffett’s latest communication Berkshire Hathaway Shareholders:
A report from Business Insider said he highlighted that since he took over in 1965, Berkshire Hathaway’s performance significantly outperformed the S&P 500, with a return of 4,400,000% compared to the S&P’s 31,000% Is.
The letter said Berkshire Hathaway has accumulated $168 billion in cash and short-term investments, surpassing the market value of major corporations like Uber and Nike.
Berkshire’s total net assets at the end of the year were reported to be $561 billion, representing a 19% increase from the previous year and setting a record for an American company.
“There are only a few companies in this country that have really been able to move the needle on Berkshire, and they have been endlessly co-opted by us and by others,” Buffett said in his letter.
Despite challenges in finding valuable investment dealsBerkshire maintains a substantial portfolio with $354 billion of stocks and significant holdings in cash and Treasury bills.
The company has seen dramatic growth in investment income, largely due to rising interest rates, bringing interest and other investment revenues to approximately $6.1 billion last year.
Berkshire’s financial results are often viewed as a barometer for the health of the U.S. economy due to the wide spectrum of its enterprises—including BNSF Railway, Geico Insurance, and Dairy Queen restaurants.
This diversified portfolio makes the firm highly sensitive to the effects of rising interest rates, which may reduce consumer and business demand.
(with inputs from agencies)
The group’s cash reserves hit an all-time high of $167.6 billion during the fourth quarter as it faced challenges in securing attractively priced deals.
Here are some key points from Warren Buffett’s latest communication Berkshire Hathaway Shareholders:
A report from Business Insider said he highlighted that since he took over in 1965, Berkshire Hathaway’s performance significantly outperformed the S&P 500, with a return of 4,400,000% compared to the S&P’s 31,000% Is.
The letter said Berkshire Hathaway has accumulated $168 billion in cash and short-term investments, surpassing the market value of major corporations like Uber and Nike.
Berkshire’s total net assets at the end of the year were reported to be $561 billion, representing a 19% increase from the previous year and setting a record for an American company.
“There are only a few companies in this country that have really been able to move the needle on Berkshire, and they have been endlessly co-opted by us and by others,” Buffett said in his letter.
Despite challenges in finding valuable investment dealsBerkshire maintains a substantial portfolio with $354 billion of stocks and significant holdings in cash and Treasury bills.
The company has seen dramatic growth in investment income, largely due to rising interest rates, bringing interest and other investment revenues to approximately $6.1 billion last year.
Berkshire’s financial results are often viewed as a barometer for the health of the U.S. economy due to the wide spectrum of its enterprises—including BNSF Railway, Geico Insurance, and Dairy Queen restaurants.
This diversified portfolio makes the firm highly sensitive to the effects of rising interest rates, which may reduce consumer and business demand.
(with inputs from agencies)
