Ultimate 12 months Berkshire Hathaway inventory went up 4% whilst the S&P 500 (together with dividends) fell 18%. Berkshire isn’t at all times a port within the typhoon, however it has at all times made it out of the typhoon by way of specializing in crucial issues: Unfastened money float, profitability, diversification and high quality of control. That is how a conglomerate with only a few dozen folks in the house workplace can spend money on loads of companies with hundreds of workers and bear over the process part a century (and, let’s hope, past).
As a long-time shareholder of Berkshire, I’m glad to obtain and percentage this 12 months’s letter from our chairman, Mr. Warren Buffett.
