On Saturday, Warren Buffett, the head of the investment holding company Berkshire Hathaway ((NYSE: BRKa) and (NYSE: BRKb)) and one of the most touted and successful investors of the XXI century, published eagerly anticipated annual address to shareholders.Currently, the market capitalization of the company Berkshire Hathaway, which was originally engaged in textiles, and now is a holding company that operates in the finance and insurance sector for accidents, worth $416 billion. Buffett's personal assets are estimated at more than $75 billion, making it one of the most richest people in the world.
Published on the last Saturday of February or the first Saturday of March annually message from Buffett to shareholders is an important event for the market. These letters, written in typical laid-back Buffett's style, are read by all those interested in shares, investments or business in general.
Usually Buffett gives an overview of the various businesses, owned by Berkshire, he is making a deep overview of investments of the holding and uses this platform as a way to share his opinion on all financial issues. This year, in a letter written in simple language with a fair amount of humor, Buffett expresses his thoughts about the repurchase of shares, income on the "corrected» GAAP standards and hedge funds. And once again he confirms his faith in America, in spite of the recent political changes. As in previous years, this is a very fascinating read.
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