Warren Buffett defended the size of Berksshire Hathaway (Mustache) Cash Hoard, who doubled last year at $ 334.2 billion, saying that most of his investors will always be invested in shares, mostly US companies.
“Berksshire will never prefer ownership of property equivalent money in relation to ownership of good companies, either controlled or only partially owned,” he wrote in his letter to shareholders who follow the annual report of conglomerates.
While companies on the list of securities on the list of papers fell to $ 272 billion in $ 2024. With $ 354 billion in the previous year, the value of non-cited controlled shares “somewhat increased and remains far greater than the value of market portfolio,” Buffett wrote.
Buffett also said Berksshire is likely to increase their roles in IToch (Itocy), Marubeni (Maruy), Mitsubishi (MSBHF), Mitsui (Mitsy) and Sumitomo (Ssumy) over time, as Japanese trading companies agreed to moderately relax their 10% ceilings on the role of the company. Berksshire invested his first investment in the five in 2019.
“Our admiration for these companies has grown consistently,” Buffett wrote. They “increase dividends when it is appropriate, buy their shares when it is reasonable, and their best managers are far less aggressive in their compensation programs than their American colleagues.”
The company’s operating earnings jumped by more than 25% in 2024. At $ 47.4 billion, fueled by strong profits in insurance insurance in GEICO, where securing before taxing more than doubled to 7.8 billion USDs increased Investment income in the midst of larger interest rates.
Berksshire estimated his preliminary losses before taxing from last year’s fires in California to $ 1.3 billion.
“The damage to the property arising from hurricanes, tornadoes and fires is massive, increasing and increasing in their patterns and possible costs,” Buffett wrote.
Buffett also defended capitalism, saying that although her flaws and abuse “in a certain face are now more terrible than ever,” can do miracles that are not in terms of other economic systems.
The company did not buy any of its shares in the fourth quarter.
