Teaching clarifies one's thoughts.....
Buffett Praises Apple As One Of Berkshire's "Four Giants" In Latest Annual Letter
https://www.zerohedge.com/markets/buffe ... ual-letter
Net buyer of equities in the quarter, reporting $3.8 billion in purchases.
Operating profit of $9.2 billion as the insurance and railroad businesses posted gains.
Geico: flashing potential warning signs. It reported an underwriting loss of $487 million.
The company reported a net loss of $43.8 billion due to a $53 billion loss in the company’s investment portfolio.
Warren Buffett continuing to repurchase his company’s stock during each of the two bear markets is also a testament that he’s willing to bet on himself and the vast network of companies Berkshire Hathaway owns and has invested in.
1. Apple: 40.5% of invested assets
2. Bank of America: 10.5% of invested assets
3. Chevron: 8.4% of invested assets
4. Coca-Cola: 7% of invested assets
5. American Express: 6.6% of invested assets
6. Occidental Petroleum: 4.1% of invested assets
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