Buffett defends Berkshire stock push, reassures on future as profit smashes record – Reuters

Berkshire also posted record full-year earnings of $81.42 billion, nearly two times the previous high from 2017, boosted by unrealized gains from its stock financial investments. FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett (left) and Vice Chairman Charlie Munger are seen at the yearly Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. The disposal strategy “provides investors the ability to focus on whatever else,” said David Marcus, chief financial investment officer at Evermore Global Advisors, who personally owns Berkshire shares.

Berkshire likewise posted record full-year revenues of $81.42 billion, almost two times the prior high from 2017, boosted by unrealized gains from its stock financial investments.”I do think it’s on the best path,” stated James Armstrong, president of Henry H. Armstrong Associates in Pittsburgh, which invests one-fourth of its properties in Berkshire. “Charlie and I long ago got in the urgent zone,” Buffett wrote. FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett (left) and Vice Chairman Charlie Munger are seen at the yearly Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. The disposal strategy “offers investors the ability to focus on everything else,” said David Marcus, primary investment officer at Evermore Global Advisors, who personally owns Berkshire shares.

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