Net earnings attributable to shareholders for the fourth quarter surged to USD32.55 billion from USD6.29 billion in the last year period, while earnings per Class A equivalent share attributable to shareholders jumped to USD19,790 from USD3,823 in the year-ago quarter.
He said he would be "more inclined" to buy back stock than pay dividends, and might raise the repurchase threshold from 1.2 times book value.
Instead of letting baseballs fly past him, Buffett is rejecting potential acquisitions that are too expensive, too small or not for sale or for some other reason just don't fit with Berkshire.
Known to fans as "the Oracle of Omaha", Buffett, 87, has suggested USA stocks are probably the best bet over time, encouraging people to make easy choices and stick with them, eschewing high-fee fund managers, for instance. "It made me say, 'You know what, they'll get through it.' And that's not the kind of endorsement that I'd like to hear from someone who's the largest shareholder".
Buffett is arguably the most important person in the United States banking industry.
"We are always in the market for a big business that we can understand and like and have the management for", he said.
High-grade bonds, he said, can increase the risk of an investment portfolio as inflation eats away at the return. "You and I are lucky to have Ajit and Greg working for us", Buffett told shareholders at the end of the letter.
They also increased the related deferred charge asset by $1.7 billion, after it re-estimated the amounts and timing of future claim payments under the AIG contract. "The best chance to deploy money is when things are going down". That said, at 87 Warren Buffett is not getting any younger and his 94-year-old business partner, Charlie Munger, is even older.
I'm sure most readers have heard of Warren Buffett, but in-case you haven't he's one of the world's best investors and also one of the richest people in the world.
Here the final lesson from this maestro: Stick with big, "easy" decisions and eschew activity.
In 2014, Buffett said he plans to put 90 per cent of the money he leaves to his wife, Astrid, when he dies into an S&P 500 index fund, and 10 per cent in government bonds. Most of those managers undoubtedly thought hard about their calls, each of which they believed would prove advantageous.
Beside investments, Berkshire owns more than 90 different businesses in a variety of industries, including BNSF railroad, Geico insurance and several electric utilities and manufacturing firms.
"A significant portion of NICO Group's annual reinsurance premium volume now derives from a 10-year, 20% quota-share agreement with Insurance Australia Group Limited ("IAG") that became effective July 1, 2015".
Berkshire wholly owns dozens of companies, and holds significant shares in large and diverse corporations, while Buffett's newsletters are read with intense interest on Wall Street and beyond.
Flood warning to continue through early next week
Rain and warmer temperatures - with lows above freezing and highs in the 40s - are expected to return over the weekend. Ohio University has cancelled classes for Monday , Feb. 26 in "anticipation of severe weather and potential flooding".
Turkey is now carrying out a major military campaign against Syrian Kurdish fighters in the Afrin region of northern Syria. Muslim was listed as Turkey's most-wanted terrotist earlier in February with a 1 million United States dollars reward.
Dembele is a great player, I'm sure that with time and work we will learn. "Now we're in the most complicated part of the season". Coutinho went with one of his signature curlers from outside the box, going far post with force.
Video footage also showed the suspect repeatedly going in and out of the condominium building alone with a suitcase, Kyodo said. The suspect, who arrived in Japan in January, was arrested Thursday on charges of confining the woman against her will.
Several aid and missionary agencies said poor communications in the densely forested area made damage and injury assessment hard . The quake follows another seismic event in Japan , where a 5.5 magintude natural disaster struck just hours before.
He'll essentially fill the spot vacated by Ryan Spooner , who was one of three players shipped back to NY in exchange for Nash. The tragedy in Parkland also has galvanized the team , with Luongo having lived in that area for the last 12 years.
He blamed President Trump's repeated threats to kill off the agreement and his warnings to other countries not to deal with Iran. Up until now, Iran had indicated that it would stick with the deal if the European partners did the same.
The French giants, down 3-1 after one leg, will be in trouble if he is unable to suit for the round of 16 match against Real . Although, the Real Madrid boss expressed a desire, before news broke on the nature of Neymar's injury, for Neymar to play.
It is the very same phone which appeared a few days ago with almost full-screen design without any bezels either on top or bottom. It could be the solution to manufacturers - such as Apple and Samsung - wanting to completely remove bezels on smartphones.
Yet it was hard to prove that any of this art had been made by Neanderthals , and few archaeologists humored the idea. Modern humans were capable of symbolic behavior, so it "turns the who's copying who debate on its head", Pike said.
Nearly half of the aerosol samples had lead concentrations higher than limits set out by the Environmental Protection Agency. These modifiable, reusable devices allow people to refill their supply of e-liquid from a separate bottle dispenser.
WADA says Russian Federation still not compliant on anti-doping
The Russian Olympic Committee was banned from the Olympics on December 5 because of widespread doping at the 2014 Sochi Games. The IOC decision was slammed by the lawyer for Russian whistleblower and former Moscow drug lab director Grigory Rodchenkov.
Nigerian government acknowledges 110 girls still missing
Everybody was terrified and we rushed to the gates and frantically scrambled to jump over the fence. "We then started running". I know you are working closely with them. "I have been in your shoes since 2014 when schoolgirls were abducted in Chibok".
USTA mostly liable for Bouchard fall: jury
Kaminsky responded that though Bouchard fell in the rankings she didn't lose any of her lucrative off-court endorsement deals. This means the governing body will only have to pay three quarters of the sum the court decides it owes Bouchard in damages.
India 81st on global corruption index
The worst performing regions was Sub-Saharan Africa (average score 32) and Eastern Europe and Central Asia (average score 34). In the last six years, only a few countries experienced small, incremental changes indicating signs of improvement.
West Virginia Senate Passes Sports Betting Bill
Toman said there would not be enough drivers, cooks, aids, and secretaries available at the schools on February 16. Jim Justice signed a controversial pay raise bill for teachers, school service personnel and State Police.
23 killed in multiple attacks in Afghanistan
In another attack in the province, a suicide bomber targeted an Afghan army post killing two soldiers and wounding one, Zwak said. The Taliban have taken responsibility for the attack and claimed to have killed 25 soldiers and captured two others.