Berkshire Hathaway's Record Annual Profit
Berkshire Hathaway, led by Warren Buffett, achieved its highest-ever annual profit of $97.1 billion last year. Buffett cited government regulations as a reason for the underperformance of some divisions. The company's insurance operations and stock investments were strong, while BNSF railroad and utilities business fell short of expectations.
Key Points
- Buffett blames government regulations for hurting some divisions
- Insurance operations and stock investments performed well
- BNSF railroad and utilities business underperformed
- Buffett emphasizes Berkshire's financial resilience
Pros
- Record annual profit of $97.1 billion
- Strong performance in insurance operations and stock investments
Cons
- Underperformance in BNSF railroad and utilities business
- Challenges faced due to government regulations