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Berkshire Hathaway’s money was raised in a record of $ 334.2 billion at the end of last year after Warren Buffett threw shares and withdrew billions of dollars in interest from large properties of group treasury bills.
Berkshire -based Berkshire said Saturday that its cash position increased by 9BN dollars in the last three months of last year after the buffett trimmed shares in US -blue chip shares, including multibilion stocks of stock in Citigroup and Bank of America. Group money pile has almost doubled over the past year.
The widespread conglomerate reported operating revenue of $ 47.4bn for 2024, with 27 percent from 2023, led by a stronger performance than its insurance business.
The results of the operation exclude changes in the value of the Berkshire stock portfolio of $ 272 billion, the shakes that the buffett has long dismissed as largely meaningless.
Berkshire set $ 143 billion in 2024, exceeding the $ 9 billion he pierced in his capital and set most of the short -term treasure bills revenue.
The Buffett Agreement has been hit in recent years as the evaluation of US shares has reached record levels, making the large purchases that have long been a major pillar of the billionaire’s strategy most difficult to discover.
The results of the fourth quarter of the group were released along with the annual letter closely followed by the Buffett for the shareholders.
“In 2024, Berkshire did better than waiting even though 53 percent of our 189 operating businesses reported a decline in profits,” the shareholders wrote. “We were helped by a large predictable profit of investment income as the yield of the treasury bill improved and we significantly increased our possessions of these very liquid values.”
The increasing change of Berkshire to US government debt has been an assistance to Berkshire since the federal reserve began to remove interest rates in 2022. Last year, the company’s insurance affiliate reported $ 11.6 billion in interest from property Its treasury bills, easily exceeding the dividends it receives from its stock portfolio.
The 94-year-old investor told the shareholders on Saturday that he did not mind the group’s cash cash, indicating the increase in the value of nearly 200 Berkshire operating subsidiaries, which includes the BNSF Railway, the ice cream cleaner Milk and Loom Fruit Manufacturers.
“Berkshire shareholders can make sure that we will permanently establish a considerable majority of their money in their capital,” he wrote. “Berkshire will never prefer ownership of equivalent money assets over ownership of good businesses.”
The billionaire also warned of the risk of the value of a country’s debt and currency must prevail “fiscal folly”.
“Paper money can see its value evaporate if fiscal folly prevails,” he wrote. “In some places, this reckless practice has become commonplace and, in the short history of our country, the US has approached.
