Berkshire Hathaway’s Year-End 2024 Extravaganza: Insights and Impact
Buckle up, dear readers! Berkshire Hathaway (BRK.A 4.00%, BRK.B 4.11%) has once again graced us with a treasure trove of information. The conglomerate, helmed by the legendary Oracle of Omaha, Warren Buffett, has released its year-end 2024 earnings report and the much-anticipated annual letter to shareholders. To add to the excitement, Buffett also shared some juicy details about Berkshire Hathaway’s fourth-quarter stock portfolio activity.
Earnings Report: A Peek into Berkshire’s Financials
The numbers are in, and they’re looking mighty fine. Berkshire Hathaway reported an operating earnings increase of 12.3% for the year, with a total revenue of $712.5 billion. Operating earnings per class A share came in at $31,338, up from $27,941 in 2023. Buffett’s crew continues to outperform, and we couldn’t be happier for them!
Warren Buffett’s Annual Letter: Words of Wisdom
Every year, Buffett’s letter to shareholders is a must-read for anyone interested in business, investing, or just plain old wisdom. In this year’s edition, Buffett shared his thoughts on everything from the economy to his investment philosophy. He even threw in a few jokes for good measure! Here are some highlights:
- “I’ve long believed that a ‘rising tide lifts all boats.’ But in this extraordinary monetary tide, it has mostly lifted ships, leaving many boats high and dry.”
- “I’ve heard that a 401(k) is a type of dog. I have no idea, but I’d sure like to invest in that mutt!”
Stock Portfolio Activity: Buffett’s Latest Buys and Sells
Buffett’s fourth-quarter stock portfolio activity was as intriguing as ever. Berkshire Hathaway bought an additional 10 million shares of Chevron Corporation (CVX), bringing their total holdings to 153.6 million shares. They also sold off their entire position in Occidental Petroleum (OXY), totaling 8.3 million shares. As always, Buffett’s moves are closely watched by investors and pundits alike.
What’s in it for Me?
As a Berkshire Hathaway shareholder, you’re part of a winning team. Buffett and his crew continue to deliver impressive financial results and insightful commentary. Plus, who doesn’t love a good joke from the Oracle of Omaha?
Impact on the World
Berkshire Hathaway’s influence extends far beyond its financials. Buffett’s investment decisions can sway markets and impact industries. His commitment to long-term investing and his philanthropic endeavors serve as a beacon of wisdom and inspiration for businesses and individuals alike.
Conclusion: A Year in Review and a Look Ahead
Berkshire Hathaway’s year-end 2024 report was a feast for the eyes and the mind. Buffett’s financial acumen, wit, and wisdom continue to captivate and inspire us. As we look ahead to the future, we can’t help but wonder what new insights and investments Buffett will bring our way. Stay tuned, dear readers!
And remember, as Buffett once said, “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.” Happy investing!
