Tag: Stock Market

What Does Warren Buffett Buy When “The Market Acts Like a Casino”?

In his 46th annual letter to shareholders, Warren Buffett, at 93, reflects on the market’s current state, likening it more to a casino than in his youth. Despite this, Berkshire Hathaway’s investment strategy remains unchanged, emphasizing avoidance of permanent capital loss. The company reported a significant profit in 2023, with key investments in five major companies including Apple and Bank of America. Buffett acknowledges mistakes, particularly in underestimating regulatory changes affecting utilities. He highlights the enduring value of investments like Coca-Cola and American Express and reaffirms his commitment to long-term investments in Japanese trading companies and other sectors. Buffett also addresses succession, introducing Greg Abel as ready to be CEO, and emphasizes Berkshire’s resilience and commitment to fiscal conservatism.

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