[SeekAndFind]

Some outliers:

Buffett likes Japan. He touted his five stakes in enterprises like ITOCHU, Marubeni, Mitsubishi, Mitsui and Sumitomo, which "operate in a manner somewhat similar to Berkshire itself." It's a "small but important exception to our U.S.-based focus" due to the companies' "financial records, managements, and attitude in respect to their investors."

Capital deployment is key here, as well as appropriate dividends and repurchases, and "far less aggressive compensation programs than their U.S. counterparts." Buffett also substantially increased his holdings of Treasury bills in 2024, given improving yields on the highly liquid short-term securities.

Top holdings:

Apple makes up 28% of Berkshire's "marketable equities" portfolio.

The next big stakes are American Express (AXP) at 17%, Bank of America (BAC) at 11%, Coca-Cola (KO) at 9%, Chevron (CVX) at 6%, and Occidental Petroleum (OXY) and Moody's (MCO) at 5% and 4%, respectively.

Taken together, these seven names make up four-fifths of the portfolio.

[Bobbyvotes]

Most important to remember is that there is no one method of investing fits all. Age is the critical number to determine asset allocation.

My own rule of thumb is me age is the percent allocated to more stable investments such as long term AAA rated bonds, Utility mutual funds, my residence in good neighborhood.
Rest of percentage I can trade stocks with. I am nearing age 85, so I am less aggressive than I was before.

[ansel12]

Rule number one on investing is, have some money to invest.

[posterchild]

The full unfiltered text is at: https://www.berkshirehathaway.com/letters/2024ltr.pdf

[Harmless Teddy Bear]

1.) Buy congress critters.

2.) When your clients file claims take them to court. Most do not have the money for a long fight and you do. Even if they finally squeeze the money out of you the amount that you get to keep will far out way it. Step one will allow you to do this.

3.) Scream about your taxes not being "high enough" and laugh privately how you actually arranged that with step one.

4.) Use step one to put your competitors out of business. Who cares if it is bad for the country. You are the only one who counts.

[aquila48]

“We are impartial in our choice of equity vehicles, investing in either variety based upon where we can best deploy savings.”

Plain English translation - “we buy whatever we think will make us the most money”