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The gray-scale Ethereum trust premium followed the Bitcoin brothers and sisters to the negative



Bloomberg

Buffett’s Berkshire Hathaway has a record $24.7 billion in own stock

(Bloomberg)-Warren Buffett’s Berkshire Hathaway Inc. repurchased a record $24.7 billion of its own stock last year and said there will be more Repurchase because the conglomerate struggles to find other ways to deploy its large amount of cash. Buffett said in his annual letter to investors on Saturday that the value of shares in the fourth quarter was $9 billion, the same as the record high in the previous three months. Berkshire has repurchased more shares since the end of the year and may further reduce its number of shares. The 90-year-old Buffett said in the letter. “This move increases your ownership of all Berkshire businesses by 5.2% without you having to spend too much money to reach it.”

; Buffett’s letter is a well-received letter from one of the most famous investors in the world. Most of the creeds of concern are related to buybacks, which was one of Berkshire’s largest capital allocation measures last year because it “has not made any large-scale acquisitions.” He also shared his views on the group’s strategy and praised Berkshire Hathaway’s insurance business and railway business. He avoided some of the most controversial issues today, including politics, pandemics, and racial equality. But Buffett insisted on his optimism about the United States, saying that progress in achieving a “more perfect alliance” is uneven, but it is still moving forward. “Our firm conclusion: never bet on the United States.” He said. Cash reserves fell 5% in the fourth quarter to $138.3 billion. Buffett has been struggling to keep up with capital flows in recent years, because Berkshire has abandoned cash faster than he found higher-returning assets to snap up. Apple is one of the three most valuable assets of Berkshire Hathaway, valued at $120 billion. . Buffett said the technology company also intends to repurchase its own stock. Buffett also admitted that the reason for Berkshire Hathaway’s write-down of $11 billion in assets last year was almost entirely attributable to the “mistakes” he admitted in 2016. This is “this process provides investors with an expanding special business. A simple way.” When he paid too much for Precision Castparts. Buffett said Precision is a good company, but he admitted that he made a big mistake. “However, I was wrong in judging the average amount of future earnings. Therefore, when calculating the appropriate price to pay for the business, I was wrong, Buffett said in the letter. Berkshire Hathaway’s huge $282.8 billion The stock portfolio in the stock portfolio flowed into the company’s net income due to accounting techniques. This increased the figure in the fourth quarter by 23% over the same period last year, reaching 35.8 billion U.S. dollars. Berkshire Hathaway’s Class A stocks rose about 2.4% last year, which is lower than the 16% rise of the S&P 500. The biggest problem facing Berkshire-how long he might be at the helm. He again mentioned his favorite CEO, Mrs. Blukin , He founded the Nebraska furniture market. Buffett worked until he was 103 years old. “This is Charlie and my judgment. This is a ridiculous retirement age.” Buffett said of Berkshire Hathaway’s deputy Chairman, 97-year-old Charlie Munger wrote. For more similar articles, please visit Bloomberg.com. Now stay ahead and become the most trusted source of business news. ©2021 Bloomberg LP


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