Synopsis
Wall Street loves the fees that deal-making generates, and the press loves the stories that colorful promoters provide, Buffett said. Charlie and I would be less than human if we did not feel a special kinship with our fifthbucket: the million-plus individual investors who simply trust us.
Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. Read the full text here:
To the Shareholders of Berkshire Hathaway Inc:
Berkshire earned $42.5 billion in 2020 according to generally accepted accounting principles (commonly called GAAP). The four components of that figure are $21.9 billion of operating earnings, $4.9 billion of realized capital gains, a $26.7 billion gain from an increase in the amount of net unrealized capital gains that exist in the stocks we hold and, finally, an $11 billion loss from a write-down in the value of a few subsidiary and affiliate businesses that we own. All items are stated on an after-tax basis.
Warren Buffett s 2021 Letter to Shareholders: Never Bet Against America gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.
Experts say this is what children need to survive the COVID-19 pandemic
USA TODAY spoke with experts in child development on how remote school, reduced socialization and increased screen time is affecting kids.
Alia E. Dastagir and Alia Wong, USA TODAY
Published
4:22 pm UTC Dec. 22, 2020
It has been almost a year of pandemic parenting, an all-consuming, ever-changing chaos that has tested American families in unprecedented ways.
Schools closed, then opened, then closed again. Playdates were fewer and fraught with new rules. Working parents often did their jobs without child care, while parents of teens did their best to buffer against a litany of losses – friends, sports, proms, graduations. For many low-income families, COVID-19 exacerbated existing hardships, and toxic stress trickled down from parent to child.