Feb 25 2018
Manufacturing, services and retailing operations reported that profit increased to $6.2 billion a year ago from $5.6 billion in 2016.
Shanahan says it also would have been nice to read Buffett's thoughts on why he is selling off Berkshire's IBM investment but maintaining big stakes in Wells Fargo and US Bancorp. "The remaining $29bn was delivered to us in December when Congress rewrote the U.S. tax code".
The new law cut the corporate income tax rate to 21% from 35%, a change that has seen boosting the earnings of scores of USA companies.
Over time, however, Ben Graham's oft-quoted maxim proves true: "'In the short run the market is a voting machine; in the long run, however, it becomes a weighing machine, '" Buffett wrote in his newest annual shareholder letter. "We have $90 or $95 billion in gains, and our owners, dollar for dollar, will participate in that..."
Buffett, in his investor-friendly writing style, also addressed topics like the overpriced market for mergers and acquisitions and his disdain for Wall Street's high investment fees.
Mr Buffett bemoaned frothy asset prices for curtailing Berkshire's recent acquisition activity.
The problem facing Berkshire, whose last major acquisition was a $32 billion deal to buy Precision Castparts in 2015, is that prices are not cheap and competition from other buyers, such as private equity firms, is stiff, says Pan. Net earnings per Class A equivalent share attributable to shareholders jumped to $19,790 from $3,823 past year.
Last year, however, was another good one for Berkshire stockholders, as the company's "A" shares rose almost 22%, vs. a gain of 19.4% for the S&P 500, a broad stock market index.
Treasury yields have been rising since the start of the year, stemming from brewing inflationary pressures and massive bond supply to help fund US President Donald Trump's tax overhaul. The S&P 500 index fund Buffett backed easily outpaced the hedge funds.
Buffett urged investors to stick with stocks even though they can be riskier in the short-term.
In last year's letter, Buffett said Jack Bogle, the Vanguard Group founder considered to be the father of indexing, was the person who had done the most for American investors.
Syria: Damascus Turns Into A Graveyard, 250 People Killed In 48 Hours
Russian Federation has waged an air campaign in support of Syrian President Bashar Assad's forces since September 2015. State Department spokeswoman Heather Nauert said Washington was "deeply concerned" by the rising violence in Ghouta.
Louisville vacates 2013 national championship as part of NCAA sanctions
The NCAA ruled in October 2016 that the school found four violations in their year-long investigation of the program. Former Louisville head coach Rick Pitino was hit with a Level 1 violation, the dreaded "failure to monitor".
Oxfam's United Kingdom chief says critics are gunning for the charity
UK-based NGO Save the Children warned Oxfam that aid workers had been sexually abusing children in Haiti ten years ago, the Independent newspaper reported .
Feb 25 2018
Bollywood Actress Sridevi passes away after suffering cardiac arrest
Her brother-in-law Sanjay confirmed the news to indianexpress.com , saying, "It roughly happened around 11-11.30pm". Jhanvi, Sridevi and Boney's elder daughter couldn't join them in Dubai due to her packed shooting schedule.
Feb 25 2018
Woods hot, Scott claws back at PGA Honda
Make sure you're altering your lineup before the morning tee times you were a believer.The mystery for gamers that is J.B. Woods is just four shots off leaders, the American tandem of Luke List (66) and Jamie Lovemark (69), at three under par .
Feb 24 2018
Utterly ridiculous: Jennifer Lawrence blasts media over dress controversy
She was reluctant because she had been hacked in 2014 and was devastated when nude photos of her were spread across the internet. The actress added, "Even friends, for many years, were not as important to me as my career".
Feb 23 2018
LBPD Arrests Student At Wilson High For Alleged Threats
The public is asked to follow the protocol of "See Something, Say Something" when witnessing or hearing suspicious activity. The incident follows that of a similar threat made earlier Thursday by a 15-year-old freshman at Millikan High School.
Feb 23 2018
Airbnb launches Plus, higher-end options that have been personally inspected
Collections for social stays, weddings, honeymoons, group getaways and dinner parties are also planned for later this year. To address this, Airbnb will add 4 new property types to its platform - Vacation Home, Unique Space, B&B and Boutique.
Feb 22 2018
Conservative users say Twitter removing thousands of followers
Twitter has also been criticized by US lawmakers for not taking the Russian bot scourge seriously enough. Special Counsel Robert Mueller charged 13 Russians and three Russian companies, including St.
Feb 22 2018
DNA diets don't work
You might also know of someone who had weight loss success on one of these diets and another who didn't lose a single pound. The other group went low-fat, starting with no more than 20 grams of fat per day, the equivalent to a handful of nuts.
Feb 22 2018
Conservative British MPs demand 'hard Brexit' clean European Union break
They also said that Britain must not be stopped from negotiating and signing trade deals during any transition period. Critics have accused the Prime Minister of being "too weak" to confront the hard Brexiteers in her own party.
Feb 21 2018
Russians injured in recent clash in Syria were not servicemen - Foreign Ministry
But the presence of the Russian contractors adds an element of unpredictability. Most are Russian citizens , though some have Ukrainian and Serbian passports.
Feb 20 2018
Trump Ranks as Worst in Expert Presidential Greatness Survey
Trump doesn't get much of a lift from Republican-only vote: "Even in their eyes, he's a bottom-five president". The last time the group ran the survey, in 2014, Barack Obama entered the list in 18th place.
Feb 24 2018Trump Defends Second Amendment At CPAC And Warns of Dems Taking Office
Feb 24 2018Walmart's online sales growth slips, rattling investors
Feb 24 2018Celtic lacked real courage, says Rodgers
Feb 24 2018Snapchat to scrap parts of controversial redesign following 1.5 million user petition
Feb 23 2018NRA Chief Wayne LaPierre: FBI, Elitism To Blame For School Shootings
Feb 22 2018Do not test our resolve: Netanyahu to Iran's smooth-talking foreign min
Feb 22 2018Olivia Munn Defends Kate Middleton Amid Backlash Over BAFTAs Green Dress
Feb 21 2018Three-putts derail Anirban Lahiri, slips to tied 26th at Genesis Open
Feb 20 2018What a weird career it's been for Doug Martin
Feb 18 2018Auburn's Anfernee McLemore Stretchered Off Court After Horrific Ankle Injury
Feb 24 2018Russian Figure Skaters Take Gold, Silver Medals at Winter Olympics
Feb 23 2018Apple iOS update fixes 'text bomb' bug
Feb 22 2018Qualcomm Unveils Reference Design For VR Headset Powered by Snapdragon 845
Feb 22 2018All-new Volvo V60 family estate revealed
Feb 21 2018Burnout Paradise Remastered is coming to the PC after the console release
Feb 21 2018Trump tweets denial of woman's claim he kissed her without consent
Feb 21 2018Delhi Chief Secretary Assault: Centre seeks report
Feb 21 2018Abbas calls for talks on Palestine statehood
Feb 20 2018S. Korea to resume joint military drills with US
Feb 20 2018'Black Panther' Shatters Box Office Records with $218 Million Debut
Feb 20 2018Trump endorses Romney's Senate bid _ and Romney accepts
Feb 18 2018Fresh rocket sirens ring throughout Gaza border communities amid rising tensions