In Warren Buffett’s recent annual letter to shareholders, he provided insights into Berkshire Hathaway’s performance for the year 2024. Buffett expressed that the company performed beyond his expectations, despite 53% of its 189 operating businesses experiencing a decline in earnings. He attributed the company’s success to a significant increase in investment income, largely due to improved Treasury Bill yields and an amplified investment in these liquid short-term securities. Additionally, Buffett highlighted the substantial tax contributions Berkshire Hathaway paid to the U.S. government.
Berkshire Hathaway’s stock performance showed a slight decline, with the Class A shares (BRK.A) priced at $718,750.00, experiencing a decrease of $4,230.06, representing a 0.59% drop. The Class B shares (BRK.B) were listed at $478.74, down by $3.06, marking a 0.64% decrease.
