Buffett's shareholder letter: Will always invest most of the funds in stocks, and the value of tradable stocks held last year fell to $272 billion

PANews reported on February 22 that according to Jinshi, Buffett published his annual shareholder letter, which mentioned that the value of tradable stocks held last year fell from US$354 billion to US$272 billion, but the value of non-listed controlling stakes held increased and is still much higher than the value of the tradable stock portfolio. We will always invest the vast majority of their funds in stocks - mainly US stocks, although many of these companies will have important international businesses. Berkshire will never prefer to hold cash equivalent assets and give up holding equity in high-quality companies, whether it is a controlling stake or a partial stake.

Berkshire has outperformed expectations in 2024, even though 53% of the 189 operating businesses reported earnings declines. Investment income has increased significantly, predictably, due to higher U.S. Treasury yields, which have significantly increased holdings of these highly liquid short-term securities. Berkshire has been increasing its borrowings denominated in yen, but not following any fixed pattern. All borrowings are fixed-rate, with no "floating-rate" borrowings. No predictions are made about future foreign exchange rate movements, so an approximately neutral position is sought with respect to currencies.

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Author: PA一线

This content is for market information only and is not investment advice.

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