US EditionBerkshire Hathaway operating earnings jump 28% in the fourth quarter, cash pile surges to record
- Berkshire Hathaway reported a profit of $37.57 billion in the fourth quarter, doubling from the previous year.
- The company maintained a record cash position of $167.6 billion, up from $157.2 billion.
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US billionaire Warren Buffett's Berkshire Hathaway investment company made a record net profit of $96.2 billion (2.25 trillion kronor) last year. However, the company also increased its operating profit to 37.4 billion dollars (876 billion crowns), the company said in a document posted on its website.
Buffett's Berkshire posts record profit on insurance, investment
Warren Buffett's Berkshire Hathaway on Saturday posted its second straight record annual operating profit, with its insurance business benefiting from improved underwriting and higher income from investments as interest rates rose.
Warren Buffett calls out stock-market gamblers and honors the late Charlie Munger in his annual letter
Warren Buffett, CEO of Berkshire Hathaway, and former vice chairman Charlie Munger.JOHANNES EISELE/AFP via Getty ImagesWarren Buffett hailed Charlie Munger as the "architect" of Berkshire Hathaway in his annual letter.The investor also called out stock-market gamblers who buy "hot stocks" and "lottery tickets."Buffett dismissed forecasters, warned Berkshire's scale is a challenge, and nodded to the AI frenzy.Warren Buffett paid tribute to Charli…
Berkshire Hathaway's Q4 Operating Earnings Surge 28%, Warren Buffet Pays Touching Tribute To Late Charlie Munger: 'His Relationship With Me Was Part Older Brother, Part Loving Father' - Apple (NASDAQ:AAPL), American Express (NYSE:AXP)
Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) on Saturday registered a solid increase in fourth-quarter operating earnings, driven by strength in its insurance businesses, both in underwriting and investment income. The Omaha-based company’s quarterly operating earnings of $8.48 billion rose 28% from $6.63 billion in the year-ago quarter. For the full year of 2023, operating earnings increased to $37.350 billion, up 21.06% from $30.853 billion i…
Associated Press News
National PostWarren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he’s received the credit for leading and warned shareholders
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