We’re large followers of the mighty finance genius Warren Buffett and make it a apply to learn his annual report. This yr was no exception. In his annual letter to shareholders Saturday, Warren Buffett celebrated the successes of Berkshire Hathaway’s (BH) corporations final yr and within the 60 years since he took over a struggling New England textile firm and commenced changing it into a large conglomerate whereas providing some recommendation to President Donald Trump. We like his recommendation, urging the federal government to be accountable with the cash he sends it.
“Thanks, Uncle Sam. Sometime your nieces and nephews at Berkshire hope to ship you even bigger funds than we did in 2024. Spend it properly. Handle the numerous who, for no fault of their very own, get the quick straws in life. They deserve higher. And always remember that we want you to take care of a secure foreign money and that outcome requires each knowledge and vigilance in your half,” Buffett wrote.
A small however necessary exception to BH’s U.S.-based focus is their rising funding in Japan, which takes his funding empire world.
It’s been nearly six years since Berkshire started buying shares in 5 Japanese corporations that very efficiently function in a way considerably just like Berkshire itself. The 5 are (alphabetically) ITOCHU, Marubeni, Mitsubishi, Mitsui and Sumitomo. Every of those massive enterprises, in flip, owns pursuits in an enormous array of companies, many primarily based in Japan however others that function all through the world.
The 2024 annual letter might be discovered here. We encourage you to learn it to not solely find out about Berkshire Hathaway however to additionally uncover Warren’s heat (good) humorousness (scroll to close the tip must you not have time to learn the whole letter). I predict you’ll get pleasure from.
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