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At the end of last year, the Berkshire Hathaway rose to a record $ 334.2 billion when Warren Buffett fired shares and disappeared in billions of dollars in interest from the extensive tenure of the state treasury.
Berkshire based in Omaha said on Saturday that his cash position had increased by $ 9 billion in the last three months of last year, as Buffett shortened the Blue-Chip's Bets, including the sale of shares in Citigroup and Bank of America. The group has almost doubled in the last year.
The large conglomerate reported operating earnings of $ 47.4 billion per 2024, which is 27 percent since 2023, led by a stronger performance of its insurance business.
Operating results exclude changes in the Berkshire share portfolio of USD, swings that Buffett has long rejected as a large extent insignificant.
Berkshire destroyed $ 143 billion shares in 2024, which far exceeded $ 9 billion that was plowing into shares, and put most of the revenue into short -term state accounts.
The results in the fourth quarter were published together with the annual letter to Buffett to shareholders.
“In 2024, Berkshire led better than I expected, although 53 percent of our 189 operating companies reported a decline in income,” Buffett wrote to shareholders. “This helped us a predictable great profit in investment income, as the revenues of the Treasury Act have improved and we significantly increased our shares of these high -term short -term securities.”
