Buffett is reflected in 60 years in Berkshire Hilm: “Cardinal Sen is late to correct errors”

In his latest annual message to shareholders, Warren Buffett 60 years of directing the ship in Berkshire Hathaway BRK. He also expressed his confidence in the future of the company under the leadership of the chosen successor Greg Abel.

What happened: Pavite letterWhich was released on Saturday, Berkchire Hathaway’s trip from a struggling textile company to a strong group. While he confessed to previous mistakes, he assured the shareholders that his choice from ABEL as a successor was not one of them.

“Sometimes errors were made in evaluating the future economy of a business company that I bought for Berkshire – every case of capital customization has made a mistake. This happens with each of the provisions about marketable stocks – we consider it a partial ownership of companies – and the companies’ acquisition by 100 %. At other times, errors were made when evaluating the capabilities or loyalty of Berkshire. Disappointment
“Impact, which is an pain that can approach a failed marriage.”

“The average decent multiplication in employee decisions is all that can be hoped. Cardinal sin delays errors or what Charlie Monger called“ I absorb the thumb. ”It can tell me problems, cannot wish. They require a procedure, no matter how comfortable This may be, “Pavit mentioned in the letter.

Also read: Berkshire Hathaway Q4 profits rising by 71 %, Buffett says that the company pays more taxes than “Tech Titans” market value in “trillions”

Puffett Habel praised his talent to determine great investment opportunities. He also pointed out that Berkchire Hathaway is now proud of a cash reserve of 334.201 billion dollars, or nearly 167.6 billion dollars was a year ago.

“At 94, it will not take place long before Greg Abel as an executive president and will write the annual messages. Gregr the Berkshire doctrine that” report “is what the CEO of Berkshire owes annually to the owners. He also understands that if you start deceiving your shareholders, you will be honest soon. Your nonsense and deceive yourself too. ”

“We are neutral in our choice of stock vehicles, and investing in any of the diversity based on the place where we can spread your savings (and my family) better. Puffett added that his ability to dispose of such times.

Despite the recent challenges in finding major acquisitions, Pavite stressed that he has no intention to make profits. He also revealed that the shareholders meeting for this year in May will be shorter than usual, as two Pavite and Berkshire deputies have submitted questions from 8 am until 1 pm

Why do it matterThe 60 -year -old Buffett in Berkchire Hathaway witnessed that the company turns into a global power. His support for ABEL as a successor is a testimony on ABEL capabilities and the powerful caliphate plan for the company.

Important cash reserves and strategic investments confirm that Berkshire Hathaway is the financial power and its ability to seize investment opportunities. Despite the challenges in finding major acquisitions, Pavite’s decision not to provide profit distributions reflects his confidence in the company’s growth prospects.

The next shareholder meeting will provide more ideas about the future direction of the company under the leadership of ABEL.

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