Revenue rose 18 percent to $4.23 billion, mainly from the sale of 42,075 homes, equal to 5 percent of all new American homes, Buffett said.
The Annual Report will include Warren Buffett's annual letter to shareholders as well as information about Berkshire's financial position and results of operations.
The most recent 13-F filing from Berkshire showed that the company continued to buy airline stocks even after calling the sector a "death trap for investors" during his 2013 annual shareholder meeting.
Buffett says insurance float has risen to more than $100 billion because of huge policy it recently underwrote.
"Both large and small investors should stick with low-priced index funds".Читайте также: Watch Emma Watson Sing as Belle in 'Beauty and the Beast'
Berkshire itself has done far better, with its stock price gaining 20.8 percent per year since Buffett took over in 1965, dwarfing the Standard & Poor's 500's 9.7 percent gain, including dividends.
The lack of any additional details on Berkshire's plan to eventually replace the 86-year-old Buffett as chairman and CEO suggests little has changed in the company's plan to split Buffett's job into three parts: chief executive officer, chairman and several investment managers.
The stake of 61.2 million shares was acquired previous year for $6.75 billion, an average of about $110.17 apiece, according to the annual report Saturday from Berkshire, which is led by billionaire chairman Warren Buffett. Concurrent with the posting of the Annual Report, Berkshire will also issue an earnings release. Its insurance and utility businesses typically account for more than half of the company's net income.
"If there were ever to be another Ajit and you could swap me for him, don't hesitate", Buffett wrote. And he again praised the country's market system for its ability to allow Americans to continue building "mind-boggling amounts" of wealth over time.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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