whopping 44 lakh pc returns and a cash pile of $168 billion: warren buffett reveals staggering numbers in latest communication to berkshire hathaway shareholders
Warren Buffett, the legendary investor and Chairman of Berkshire Hathaway Inc, unveiled staggering numbers in the conglomerate’s latest annual letter to shareholders. The headline-making figures include a mind-boggling return of 4,400,000 per cent since Buffett took the helm in 1965, far outpacing the S&P 500, which recorded a 31,000 per cent return over the same period.
The annual communication highlighted Berkshire Hathaway’s monumental achievement of amassing an unprecedented cash reserve, reaching a colossal $167.6 billion during the fourth quarter. Buffett expressed frustration over the scarcity of significant investment opportunities that could lead to substantial gains, as the conglomerate faced challenges in securing attractively priced deals, TOI quoted Business Insider in it report.
Buffett, known for his shrewd investment strategies, lamented the limited number of companies capable of making a significant impact on Berkshire Hathaway. Despite the challenges in identifying valuable investment opportunities, the conglomerate maintains a robust portfolio, boasting $354 billion in stocks and substantial holdings in cash and Treasury bills. Berkshire Hathaway’s financial results, often considered a bellwether for the US economy, reflect its diverse portfolio, including iconic entities such as BNSF railway, Geico insurance, and Dairy Queen restaurants.
The latest communication revealed that Berkshire Hathaway now holds a staggering $168 billion in cash and short-term investments, surpassing the market value of major companies such as Uber and Nike. The total net assets of the conglomerate stood at $561 billion at the end of the year, marking a remarkable 19 per cent growth from the previous year and setting a new record for an American company.
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