Buffett acknowledged that he had made mistakes for years without giving many special examples, but he assured the shareholders that one day he has succeeded as CEO, Greg Abbel, not one of them. He wrote that Abel will be ready to work whenever he blows significant investment opportunities.
“We are fair in our choice of equity vehicles, where we invest in a diversity either depending on the best way we can organize your (and my family) savings. Often, nothing seems attractive; in a very attractive way we find ourselves in the opportunities. Buffett wrote, “showed his ability to work at such a time.
And Abel will have plenty of resources to work that now Berkshire has been selling its Apple Pal and Bank America for the United States Stock in the past year and continued to generate money from all its supporting companies, Geico Insurance, BN. .Sf , Collection of large utilities and rice of large manufacturers and well -known retail businesses, including brands such as Dairy Queen and Cunny Candy. It is almost twice as much as the $ 167.6 billion cash Berkshire held a year ago.
Buffett got a few things to use some of the cash from the former partner’s estate in the rest of his utility business and to buy the rest of his utility business to buy the rest of the pilot truck stop chain. Buffett said he had also increased Berkshire’s investment in five major Japanese organizations. Berkshire has now spent $ 13.8 billion on those Japanese investments in the last six years, which is now priced at 23.5 billion.
But when Buffett struggled to find major acquisitions in recent years, he confirmed that he had no plans to dividend.
What may be allowed for the age of the 94-year-old buffet, legendary investors announced that this year’s shareholder meeting in May will be short on this year’s shareholder meeting that attracts thousands of people regularly. Buffett and Berkshire’s two vice chairman will only answer questions from 8am to 1pm – few hours less than normal. Buffett also accepted using sugarcane these days to avoid “falling flat on my face”.
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