Puffett also discussed the mistakes, helping those who “get a short straw in life.”
Warren Buffett, Chairman and CEO of BRK.A (NYSE: BRK.B) has published his annual message to shareholders on Saturday along with the fourth quarter and the end of the year.
It is an annual opportunity for investors to hear from Oracle of Omhaa, who has operated Berkshire Hathaway 60 years ago. Not only is the insightful message. It is also an interesting reading, as one expects a unique investment icon icon.
Puffett touched on some interesting topics in the message, including the caliphate plan after its retirement. On the one hand, Puffett has just turned into 94 and directed Berkshire Hathaway since 1965.
On the other hand, his partner has not long stopped, the late Charlie Monage, until he died in 2023 at the age of 99.
Buffett did not suggest any timetable as much as he might have it, but he said that he “will not be long.” The company already has a successive plan with Greg Abel, 62, is currently the company’s vice president and CEO of Berkshire Hathaway Energy, to take control.
“At 94 o’clock, it will not take place long before Greg Abel as an executive president and he will write the annual messages,” Buffett wrote in the letter. “Gregor does the Berkshire doctrine that a” report “is what Berkshire CEO owes annually to the owners. He also realizes that if you start deceiving the shareholders, you will soon be honest and deceived yourself as well.”
Mistakes, he made a little
Puffett also discussed some of the mistakes he made over the years. Although he did not mention this specifically, one wondering whether he refers to the last decision to buy, then sell, Ulta Beauty Stock in only six months.
“Sometimes, mistakes in assessing the future economy of a business company for Berkshire – every case of capital customization has made a mistake,” Buffett wrote. “This happens with both rulings about marketable stocks – we consider this partial ownership of companies – and companies’ reforms by 100 %. At other times, errors were made when assessing the capabilities or loyalty of the managers made by Berkshire. From its financial impact, a pain that can approach a failed marriage.
In fact, through his account, Pavite mentioned errors or errors 16 times in the last five shareholders.
“Many other huge companies did not use any of the word at that time,” he wrote … “elsewhere, it was generally modern and happy pictures. I was also the director of the large public companies in which the” error “or” error “was Boked in the meetings of the Board of Directors or analysts ’calls.
Help those who “get a short straw in life”
Another interesting corridor from the message was stationed on the record number $ 26.8 billion, which Berkshire Hathaway paid in corporate taxes in 2024, more than 5 % of what all companies made last year.
“Berkshire had not achieved its results in any language except America, while America would have achieved all the success achieved by Berkshire.” So, thank you, Uncle Sam. One day, your daughters and your brother’s sons in Berkshire hope to send you more payments than we did in 2024. Spend them wisely. Take care of many who, without any mistake on their own, take care of the short straw Life. They deserve better. Your side.
Finally, Pavite mentioned the huge money stack that is now up to 325 billion dollars, about twice what it was a year ago.
“The shareholders in Berkshire can reassure us that we will forever spread a large majority of their money in stocks – most of them are from American stocks, although many of these international operations are of importance,” Bofit wrote. “Berkshire will never prefer ownership of the monetary equivalent assets over the ownership of good companies, whether customized or partially owned.”