Warren Buffett Letter To Shareholders: Berkshire Hathaway Sees Major Losses — But Remains Optimistic
Warren Buffett’s Berkshire Hathaway—a conglomerate that owns Geico and holds majority shares in companies like American Express, Bank of America and Coca-Cola—posted fourth-quarter losses and nearly $23 billion in net losses for 2022, as Buffett remained optimistic despite his investment company struggling amid poor foreign exchange rates.Copyright 2018 The Associated Press. All rights reserved.Berkshire posted a loss of $22.
Berkshire repurchased $2.6 billion of its own stock during the fourth quarter, increasing its full-year buybacks to $7.9 billion. Despite posting losses, Buffett noted that “Berkshire had a good year in 2022,” as the company’s operating earnings rose to an all-time high of $30.8 billion and total revenue rose 9.4% to $302.1 billion.
The company noted some of its losses came as a result of poor foreign exchange rates as the U.S. dollar lost value—with an inflation rate that peaked at 9.1% in June 2022. Buffett expects the company’s gains to be “meaningfully positive in future decades,” adding the fourth-quarter losses—which are “regularly and mindlessly headlined by media”—effectively and “totally misinform investors.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Warren Buffett touts key bets, defends taxes, buybacks in annual letterWarren Buffett touts his iconic Coca-Cola and American Express bets in his annual letter - and trashes managers who manipulate earnings
Les mer »
Warren Buffett on being a 'business-picker' and defending buybacks: Highlights from his annual letter to shareholdersThe investor maintained an optimistic view on future investment activities, highlighting his stakes in American Express, Coca-Cola and Paramount Global.
Les mer »
Warren Buffett’s Berkshire Hathaway Posts Big 2022 Loss in Rocky MarketWarren Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.
Les mer »
Buffett touts benefits of buybacks in his shareholder letterBillionaire Warren Buffett said critics of stock buybacks are “either an economic illiterate or a silver-tongued demagogue” or both and all investors benefit from them as long as they are made at the right prices
Les mer »
Warren Buffett’s must-read annual letter arrives Saturday. Here’s what to expect from the investing legendThe 92-year-old chairman and CEO of Berkshire Hathaway is slated to release his annual shareholder letter Saturday alongside the conglomerate's earnings.
Les mer »