Up to now 12 months, Berkshire Hathaway inventory is up 4% whereas the S&P 500 (together with dividend) is down 18%. Berkshire is not all the time a port in a storm, nevertheless it has all the time weathered the storm by specializing in crucial issues: free money move, profitability, diversification and administration high quality. That is how a house workplace conglomerate of some dozen individuals can put money into tons of of companies with 1000’s of staff and survive for half a century (and, hopefully, past).
As a longtime Berkshire shareholder, I’m thrilled to obtain and share this 12 months’s message from our Chairman, Mr. Warren Buffett.