Warren Buffett's Berkshire Hathaway (BRK) once again posted impressive results

Jay Soloff

Argonath Financial

Warren Buffett's Berkshire Hathaway (BRK) once again posted impressive results. The company's fourth quarter profits rose nearly 10% year-over-year to $5 billion. Moreover, annual profits set a new record, reaching $19.5 billion. Meanwhile, BRK's cash stockpile climbed to over $48 billion. The strong results were led primarily by insurance and railroad holdings. Buffett's performance didn't beat the S&P 500's performance for the past 5-year period for the first time. However, 5 years is a relatively arbitrary period and doesn't match up with the current equity cycle - a point Buffett made in his annual report. Keep in mind, the S&P 500 was up over 30% last year, which definitely qualifies as an upside anomaly. Looking forward, Buffett said he may be looking at acquiring energy utilities. (VIEW LINK)


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Argonath Financial

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