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The Hathaway Monetary Berkchiresian pile rose to $ 334.2 billion at the end of last year, as Warren Buffett threw the shares and exceeded billions of dollars in the vast property of the group of treasury bills.
Berkshire, based on Umaha, said on Saturday that his cash situation has risen by $ 9 billion in the last three months of last year, as Buffett has reduced the risks in the shares of the United States of the United States, including billions of dollars value in Citigram and Bank of America. The stack of the cash group doubled over the past year.
The sprawling group reported the operating profits of $ 47.4 billion for 2024, an increase of 27 percent over 2023, led by stronger performance by insurance work.
The operating results are excluded changes in the value of the 272 billion Berkshire shares portfolio, which has long been rejected as significantly without.
Berkshire got rid of $ 143 billion of stocks in 2024, much exceeding $ 9 billion in stocks, and put many revenues in short -term treasury bills.
Puffett deals have been in recent years as American stock evaluation has recorded record levels, which made the long acquisitions that have long been the basic pillar of the difficult billionaire strategy.
The results of the group’s fourth group were released along with the annual Puffett speech followed by the shareholders.
“In 2024, Berkshire achieved better than I expected, although 53 percent of the 189 operating companies have reported a decrease in profits,” Buffett wrote to the shareholders. “We have helped gain great gains that are predicted in investment income with the improvement of the revenues of the Ministry of Treasury, and we have increased our property significantly from these short -term securities liquid.”
The increasing shift of Burkshire to the debts of the US government has been a blessing for Berkshire since the Federal Reserve began raising interest rates in 2022.
The 94 -year -old investor told the shareholders on Saturday that he does not mind the group’s growing pile of money, indicating almost the value of BRKSHIRICIRE, BNSF and Dairy Queen, the bell.
“Berkshire shareholders can reassure us that we will forever spread a large majority of their money in stocks,” he wrote. “Berkshire will never prefer ownership of the monetary equivalent assets over the ownership of good companies.”
The billionaire also warned of the danger of the value of the state’s debts and the currency that “financial foolishness” would prevail.
“You can see the paper money its value evaporates if the financial foolishness prevails,” he wrote. “In some countries, this reckless practice has become usual, and in the history of our short country, the United States approached the edge. Fixed garbage bonds do not provide any protection against the fleeing currency.”