Buffet’s conglomerate generates large amounts of cash. At the end of the fourth quarter, they were at $128.6 billion.
(Photo: Reuters)
Denver
Warren Buffett is a CEO like no other. For 58 years he has led the Berkshire Hathaway conglomerate, which he has transformed from a small textile retailer into one of America’s largest corporations. His letter to shareholders is one of the most important in corporate America and is an important tool for the star investor to strengthen the bond with his shareholders.
“A lot of people have gotten rich off Berkshire over the decades, so Buffett has a lot of loyal shareholders,” said corporate governance expert Lawrence Cunningham, who has written several books on Berkshire Hathaway. His fans not only follow Buffett’s movements very closely in his $300 billion stock portfolio. They are also interested in his view of the economy and his life wisdom, which the 92-year-old is happy to share with his shareholders.
These are the main themes from his recent letter, published on Saturday:
Berkshire Hathaway: Warren Buffett isn’t afraid of stock buybacks
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