Posted on 02/25/2025 8:14:23 AM PST by SeekAndFind
Berkshire Hathaway CEO Warren Buffett, currently one of the 10 richest men in the world, discussed the mistakes he's made during six decades in charge of his company and his outlook on the economy in the coming years as part of his annual letter to shareholders.
A single share of Class A Berkshire Hathaway stock costs $718,750 as of close of business on Friday, still ranking as the most expensive stock in the world—several times more expensive than its nearest competitor, Lindt & Sprüngli AG, which lists at $106,000 per share. A Class B share of Berkshire Hathaway costs $478,74.
Buffett has invested in a range of companies, such as Sirius XM, American Express, Kraft Heinz, Mitsubishi, Coca Cola, Visa, T-Mobile, Domino's and more.
Berkshire holds around $325 billion in cash, a position that rose sharply after the COVID-19 pandemic. In 2020, Berkshire Hathaway peaked at around $146 billion in cash on hand, but as inflation ramped up, Buffett and his advisers expanded that holding.
However, Buffett stressed that "the great majority of your [investor] money remains in equities."
(Excerpt) Read more at msn.com ...
Less gov’t is a leading indicator of more prosperity.
If Trump implements anything close to the tax breaks he’s been talking about, the economy should soar.
However, as with Reagan’s tax cuts, sometimes the economy will first go into a recession building pressure to reverse the tax cuts. But Reagan and his advisors were savvy enough to know that was a temporary economic reaction to what soon after became a great economic upturn.
As I understand it, he doesn’t see any worthwhile investment opportunities.
He has his fortune, he’s been helping us make money for decades.
Not only that, Buffet has been selling a lot of Apple ( his largest holding ) and Bank of America shares lately.
Of course he still holds a substantial amount of shares in these two companies, but he’s been trimming and taking profit.
“Gold has historically signaled financial events.”
In 2014 you predicted gold would run to $5000 in 2015 precipitation a world financial collapse.
Is this just an extension of that 2014 prediction?
Do you own any BRK?
Agreed, but with changes in tariffs there will be winners and losers.
If you made your living by importing aluminum you might be concerned how that is going to be affected next month.
On the other hand if you are a domestic aluminum smelter you are welcoming the tariff on your competitors from outside our country.
If you are a aluminum fabricator that buys ingots you might now be trying to get them from some other smelter.
Thanks. I just saved $1,350.
Why horde cash? Because everything is going to go on sale.
This has been obvious for a while. It has little to do with politics. The cycle has been artificially retarded since 2008. We are due for a pretty significant slow down. The Fed is out of options because they were at 0% for so long and the national debt is so high.
This one could get pretty rough.
Tariffs are a wild card, but if Trump succeeds in abolishing or greatly reducing income tax in lieu of tariff revenue, it would be a great economic win.
The greatest economic boon would be the elimination of the 80%+ $3 trillion unconstitutional portion of the federal gov’t.
It would be a miracle (economic-depressing gov’ts NEVER downsize that much) and the economy would blast off like we’ve never seen.
It’s been my largest holding for several years. ET is second and longest, owned it for 6 years. I nibble at both when they dip, like today.
People in my industry are haters on ET. They are very difficult to deal with. But that could be good for shareholders.
“As I understand it, he doesn’t see any worthwhile investment opportunities.”
He buys when he sees value so cheap he can’t resist. He’s very patient. He is nibbling now, no big buys. There is a general sense that the market is going to churn for the first half of the year. He’s beaten the S+P500 for 29 years. He also buys back his own stock when he thinks it’s cheap so we all watch for that. That’s his way of paying a dividend, he lowers the float of his stock on the market.
Yes, but even in that there will be winners and losers.
The losers could be all the people in northern VA and MD that lose their jobs and maybe have to move to TX to find a new job. That may not be good home builders in that area.
If we go to a flat tax or something like that does that mean I don’t need a CPA to do my income taxes in the future.
Probably not good news for my accountant or someone in college studying to be a CPA.
He takes a long term view and never invests in businesses he doesn’t understand. (According to what I’ve read over the years.)
Meanwhile, he’s adding to his position in Sirius (SIRI,) as am I.
Everybody hates the competitors that outperform them. Energy is a crowded place. If ET stay flat in price, you make about 6.6% per year right now. ET is less dependent on the price of oil and gas than most, it makes money moving product, not producing it. And all those thousands of miles o it’s pipelines have to be maintained, plus it looks like the K=L is coming online due to Trump.
Similar situation with VISA, a totally different company. It doesn’t care about interest rates like credit card companies, VISA gets paid to handle transactions, the interest rate doesn’t matter.
Buffet likes VISA too.
I got into the Class B stock last fall. It’s done quite well. I plan to look for further buying opportunities.
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