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Updated Feb 28, 2021 | 06:51 IST Wall Street loves the fees that deal-making generates, and the press loves the stories that colorful promoters provide, billionaire Warren Buffett said in the letter. Warren Buffet writes annual letter to Berkshire Hathaway shareholders; Check full text here American investor Warren Buffett, Chairman and CEO of Berkshire Hathaway Inc, released the letter to the company s shareholders on February 27. Here is the full text of the letter shared by the billionaire: Berkshire earned $42.5 billion in 2020 according to generally accepted accounting principles (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 ....
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 ....
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.