Berkshire shareholders "trust us to treat their money as we do our own," Buffett said in his letter. "And that is a promise we can make."
Buffett considers net results misleading because they include gains and losses on investments that Berkshire hasn't sold.Operating results included about $1.2 billion of currency losses and a sixth straight underwriting loss at the car insurer Geico, which has boosted premiums after struggling with accident claims and properly pricing policies to reflect risk.
In addition, profit at the BNSF railroad fell 13% as the Federal Reserve's rate-hike campaign began slowing the nation's economy, and shipping volumes of consumer, industrial and agricultural products as well as coal all declined. That purchase helped boost insurance "float," which reflects premiums collected up front before claims are paid and help fund growth, 12% last year to $164.1 billion.
In fact, He directed his investments orienting towards the choices of intelligent people😉
Warren Buffet is one of the reasons Omaha, Nebraska is a great place to live and work and raise a family. I can see why he stayed here his whole life. Omaha is the best!
Buffett has never been in business to 'help people.' In fact, he is the number one hindrance in solar power and green energy expansion Nationally through his excessive lobbying to protect his energy empire.
tilki gibi ihtiyar o, kaybeden ata oynar mı hiç
And as a common person you think that he has your best interest at heart. Sometimes no matter what people say they just can't help but reveal themselves. Profits always come first above all else.
Profiteering is awesome for Capital Ownership. Not so great for the cities and towns they ruin with train wrecks. Stock Buybacks Functional Brakes.
It should say ‘because of’ instead of ‘despite’. The wealthy always make more during high inflation. I thought that was obvious.
The rich continue to make money despite the inflation. What a surprise.
Tell me how supply chains and such have caused inflation to sting the public. The only thing stinging the public is the greed of businesses seeking greater profits. But let's raise interest rates and make the little guy suffer even more.