The renowned investor used his letter to shareholders to blame high valuations for Berkshire's recent "drought" of deals but revealed that Donald Trump's tax cuts had provided a $29bn boost to its war chest to help make "huge acquisitions" this year. "Our smiles will broaden when we have redeployed Berkshire's excess funds into more productive assets", Buffett wrote.
The rest was a gift from the new USA tax code.
Investor Warren Buffett says the acquisition frenzy on Wall Street is making it hard for him to find deals at the right price, but his Berkshire Hathaway conglomerate recorded a $29 billion gain because of the tax reforms Congress passed.
Warren Buffett published his annual letter on Saturday, and it came with some of the usual trimmings: sage advice and reflections on the past year's success.
The billionaire and CEO of Berkshire Hathaway highlighted a $29 billion tax gain for his company, bemoaned a lack of good deals and reminded his readers that owning stocks through low-priced index funds was the best way to build wealth over time.
Berkshire's cash pile swelled to $116 billion from $109 billion in the third quarter. He admitted that the struggle in finding a "sensible purchase price" had "proved a barrier to virtually all deals" a year ago.
Two men are widely considered the frontrunners: Greg Abel, CEO of Berkshire Hathaway Energy Company, and Ajit Jain, executive vice president of Berkshire Hathaway's National Indemnity Company insurance subsidiary.
Wells Fargo and Apple were at the top of the list. Berkshire also owns scores of businesses that it has acquired over the years: auto insurer Geico, Dairy Queen and BNSF Railway Company. Or lower the bar he has set to buy back company stock, paving the way for a share buyback announcement? Berkshire's "A" shares also became the first stock ever to reach a price of $300,000.
Buffett says a 10-year bet he made with a group of hedge funds shows why investors should be wary of fees and focus on investing regularly for the long term.
Buffett urged investors to stick with stocks even though they can be riskier in the short-term. That ended previous year, and Buffett - who bet slow, steady gains by the S^and^P 500 would beat out hedge funds over the decade - won with flying colors.
"We expect Buffett's annual letter to reassure investors that his health remains remarkable and he intends to be around for awhile", said Cathy Seifert, equity analyst at CFRA Research in NY.
I was outside for five minutes. "I would have stood in the snow for that dress because I love fashion and that was my choice ". Red Sparrow is released on March 1st and in the film , Lawernce plays a ballerina that's named Dominika Egorova.
This past November, Thiel sold three-quarters of his remaining stake in Facebook as part of a previously established trading plan. He became a Facebook investor in 2004 with an initial investment of $500,000 at a $5million valuation.
New users, on the other hand, will need to head over to the Play Store to download and install G Pay on their handset. There is also priority in the app, which will allow you to see which emails are from your friends and family first.
The Portugal star has found his shooting boots in Spain's top flight , having endured a hard first half of the campaign. A draw will be a wonderful result for Leganes and I think they will try to get that result in this game.
It was a magnificent back-nine performance on a Riviera layout that took its toll on most of the contenders. The biggest moment for Watson involved his desperation to find a bathroom after they teed off on the 14th.
Syrian state media have reported that the strikes left dozens killed, accusing the USA of a "brutal massacre". Two Russians familiar with the matter said more than 200 pro-government soldiers were killed in the conflict.
Later in the day, Harry and Meghan visited Social Bite, a social business and café located in Edinburgh's New Town. Another woman shared a video of Markle complimenting her pink nails while greeting the crowd.
Brandi grew anxious because she knew Omarosa was smart enough to gun after "the four" - Ross, Marissa, Ari and herself. Matthews had asked for reassurance about the state of the county, but Manigault Newman certainly didn't give him any.
Watching a southern storm system that will bring a chance for snow showers later Saturday into Saturday night . Back to the freezer! Most of us will see readings steady in the 30s while others to our east touch 40 degrees.
That's a 7 percent increase from 2016, and the highest number from airstrikes in a single year since 2009. Civilian deaths alone also reduced by 2 percent.
Brandel Chamblee is now driving the Tiger Woods Hype Train
He needed a mere 12 putts through his first nine holes, per ESPN.com's Bob Harig, which helped to set the tone for the round. Then, he hit out of a fairway bunker, over the water and onto the green at the risky 16th hole and faced a 65-foot putt.
Russian opposition protester jailed for a year
Russian opposition leader Alexei Navalny was reportedly detained Thursday in connection to organizing an unsanctioned rally. The charge, which will be heard by a court at an undisclosed date, could result in a jail sentence of up to 30 days.
Trump praises NRA leaders: 'They love our country'
You guys love it. "We will not be gaslighted into thinking that we are responsible for a tragedy that we had nothing to do with". Kamala Harris of California, Elizabeth Warren of MA and Cory Booker of New Jersey, along with New York Gov.
New Update to Fix Pump Shotgun Reload Time
So if you've yet to collect everything you want from Season 2, you still have some time left to collect as much loot as possible. And Epic Games has done a fantastic job of monetizing a free to play game with the Battle Pass system.
Winter weather advisory for ice, snow in region
The 0.4 inches of snow on Saturday boosted Madison's February total to 13.3 inches, 6.6 inches above normal. We will stay below freezing in the areas that are already dealing with the freezing rain and drizzle.
American Mikaela Shiffrin charges to gold in giant slalom
Skiing in her favorite discipline after already registering an Olympic start should only calm the nerves she experienced Thursday. It was a stark contrast to the past few days when three of the four opening Alpine races were postponed because of bad weather.
Canada wins Olympic figure skating gold, USA grabs bronze
For him to go out there and do that, with that pressure - that's incredible ". "I really can't wait to see what happens in 2018". Pernilla Winberg, Sweden: The winger notched three points, including a pair of goals, in Sweden's 8-0 blowout over Team Korea .