As the rain of economic despair pours down upon the masses, one man stands tall, a beacon of fiscal fortitude, or perhaps, sheer obstinacy. Enter Warren Buffett, the billionaire sage, who, with the calculating gaze of a chess grandmaster, has been steadily funneling a staggering $77.8 billion into his own brainchild, Berkshire Hathaway, over the past six years. 🤯
And the verdict is in: this colossal wager has yielded a return that would make even the most seasoned high-rollers green with envy. Berkshire’s stock has leapt an impressive 16% this year, while the S&P 500 trudges along, down a dismal 3%. One can almost hear the faint whisper of, “I told you so,” carried on the winds of Wall Street. 😏
But, like all good things, Buffett’s buyback bonanza came to an abrupt halt late last year. The oracle himself hinted at a scarcity of future bargains, leaving us mere mortals to ponder the mysteries of his crystal ball. Meanwhile, Berkshire’s eclectic portfolio, a veritable Noah’s Ark of industries, continues to fuel the rally, a testament to the power of diversification… or sheer luck? 🐒
In a surprising twist, Buffett has been quietly divesting from US stocks, offloading a whopping $5.5 billion in Bank of America shares in late 2024. The plot thickens! And now, with a war chest of $334 billion in cash, he’s set his sights on Japan, acquiring stakes in no fewer than five trading companies: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo. 🗾️
At 94, Buffett remains as spry as ever, with no plans to relinquish the reins of Berkshire just yet. However, in a rare display of mortality, he has outlined a succession plan, naming Greg Abel as his eventual successor. His three children, meanwhile, will oversee a charitable trust that will distribute a whopping 99.5% of his $150 billion fortune after his passing. Because, as the saying goes, “you can’t take it with you”… but you can leave it to charity, and garner a few saintly points in the process! 🙏
Read More
- Maiden Academy tier list
- Cookie Run Kingdom Town Square Vault password
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Girls Frontline 2 Exilium tier list
- Wizardry Variants Daphne tier list and a reroll guide
- 10 Hardest Bosses In The First Berserker: Khazan
- `H&M’s Wild White Lotus Getaway`
- ‘Bachelor’ Co-Executive Producers Exit Franchise
- Tap Force tier list of all characters that you can pick
- Euphoria Season 3: The Epic Finale Fans Have Been Waiting For!
2025-03-28 19:01