In his annual letter to shareholders, Warren Buffett reflected on the performance of Berkshire Hathaway during the year 2024. Buffett noted that the company performed better than anticipated, even though 53% of its 189 operating businesses experienced a decline in earnings. The performance was bolstered by a significant gain in investment income, attributable to improved Treasury Bill yields and a considerable increase in the company’s holdings of these highly-liquid short-term securities. Additionally, he mentioned the substantial tax bill Berkshire Hathaway has paid to the U.S. government.
In the stock market, Berkshire Hathaway’s Class A shares (ticker BRK.A) were last recorded at $718,750.00, reflecting a decrease of $4,230.06 or 0.59%. The Class B shares (ticker BRK.B) were last at $478.74, down $3.06 or 0.64%.