Warren Buffett Still Has Plenty of Confidence in the American Economy

25 February, 2018, 00:14 | Author: Darnell Patrick
  • Warren Buffett

"Performance comes, performance goes", Buffett wrote.

Edward Jones analyst Jim Shanahan says he expected Buffett to devote more of the letter to explaining his decision to promote and name the top two candidates to eventually succeed him as Berkshire's CEO.

He also discussed some of the challenges to finding large acquisitions.

Some of those topics may come up when Buffett appears on CNBC for three hours Monday or at the annual shareholder meeting on May 5.

Still, when asked if he would have encouraged legislators to support or fight it, Buffett said he would have gone with a different bill. "Once a CEO hungers for a deal, he or she will never lack for forecasts that justify the purchase", he writes. "For that to happen, we will need to make one or more huge acquisitions".

Warren Buffett's just released his annual letter to Berkshire Hathaway shareholders, and it included a list of the biggest stock investments held by the company.

Buffett says it's important for people to invest money regularly regardless of the market's ups and downs, but watch out for investment fees.


As The Oracle is quick to point out, only $36B of that $65B gain in book value came from operations. When the wager concluded on December 31, the index fund had won easily.

Known to fans as "the Oracle of Omaha", Buffett, 87, has suggested United States stocks are probably the best bet over time, encouraging people to make easy choices and stick with them, eschewing high-fee fund managers, for instance. At times, bonds are riskier than stocks.

"Upon the enactment of the [Tax Cuts and Jobs Act of 2017], we recorded a reduction in our deferred income tax liabilities of approximately $35.6 billion for the effect of the aforementioned change in the USA statutory income tax rate".

Kraft said it plans to nominate Alexandre Van Damme, a board member of Anheuser-Busch Inbev and Restaurant Brands International, to stand for election to Buffett's place in its 2018 annual stockholder meeting. "Buffett doesn't dwell very long on the politics", Smead said.

Buffett, in his investor-friendly writing style, also addressed topics like the overpriced market for mergers and acquisitions and his disdain for Wall Street's high investment fees. That kept Berkshire from making the kinds of big deals Buffett prefers.

For all of 2017, Berkshire's net income rose 87 percent to $44.94 billion.

Recommended:

  • Airbnb Announces Major Changes To Its Services & Offerings

    Airbnb Announces Major Changes To Its Services & Offerings

    Airbnb is launching nine exciting new collection in total but the family and work collections are available beginning today. Another tier, Beyond by Airbnb , offers higher-end homes and customized experiences for luxury travel starting this spring.
    Ex-Cyclone Gita: Christchurch declares state of emergency

    Ex-Cyclone Gita: Christchurch declares state of emergency

    Cyclone Gita now making landfall in New Zealand's South Island Cyclone Gita is making landfall in the upper NW South Island. On Feb. 20, there was a state of emergency declared in the Buller, Grey, Westland, Nelson/Tasman and Christchurch regions.
    The Purge Continues: Rays Deal Souza To Diamondbacks

    The Purge Continues: Rays Deal Souza To Diamondbacks

    Of the prospects involved in the trade, the left-handed Banda was ranked seventh on the Diamondbacks by ESPN's Keith Law. To make room for Drury on the 40-man roster, the Yankees designated outfielder Jabari Blash for assignment.
  • The Amazing Camera Work Involved in the SpaceX Falcon Heavy Launch

    SpaceX had planned to launch two demonstration satellites into space Saturday from Vandenberg, but then it rescheduled for Sunday. SpaceX is planning to use a giant net - one so enormous that it takes up the majority of a high-speed watercraft named Mr.
    Jennifer Aniston reconnects with Gerard Butler?

    Jennifer Aniston reconnects with Gerard Butler?

    Now Jennifer Aniston and Justin Theroux will have to figure out how to split their assets and move on with their lives. Supposedly, Justin was more and more focused on yourself and your career, while Jennifer was like to appear in public.
    Pixel 2 users with camera errors and crashes offered replacements from Google

    Pixel 2 users with camera errors and crashes offered replacements from Google

    On the imaging front the Google Pixel 2 (64GB) sports a 12.2 MP Camera with 1080@30fps, 60fps, 120 fps, 720@30fps, 60fps, 240 fps. As part of its President's Day sale in the U.S., Best Buy is offering a $400 discount on the purchase of a Pixel 2 XL.
  • Trump Uses CPAC Speech To Tout Plan To Stop Mass Shootings

    Trump Uses CPAC Speech To Tout Plan To Stop Mass Shootings

    Trump then shouted each option and allowed the audience to cheer, gauging the crowd's opinion on the matter. The hallways were filled with well-dressed attendees adorned with Trump campaign hats and buttons.
    Mark Cuban Fined $600K for His Mavericks 'Tanking' Talk

    Mark Cuban Fined $600K for His Mavericks 'Tanking' Talk

    One woman who says she was targeted by Ussery said that when she was first hired, friends told her, "Watch out for the president". In the fallout, Mark Cuban has fired the team's human resources director and Sneed . 'I got excited talking to Dr.
    Apple reportedly releasing new AirPods 'as soon as this year'

    Apple reportedly releasing new AirPods 'as soon as this year'

    Apple also already reportedly has a subsequent model in the design stages for 2019, which would add water resistance. What does not appear to be planned are a pair of AirPods that block outside noise or fit in my tiny, tiny ear canals.
  • Prestigious LA School evacuated after ex-footballer's chilling threat

    Prestigious LA School evacuated after ex-footballer's chilling threat

    Former Dolphins teammates Richie Incognito and Mike Pouncey , as well as two other people, were tagged in the post. Incognito did not play the entire 2014 season, but later signed with the Buffalo Bills , where he still plays.
    Walmart takes bruises from Amazon but numbers still up

    Walmart takes bruises from Amazon but numbers still up

    If you are accessing this article on another domain, it was stolen and republished in violation of US & worldwide copyright law. Opus Point Partners Management Llc bought 5,742 shares as the company's stock declined 25.28% while stock markets rallied.
    Russia Admits to 'Dozens' of Casualties in Syria Clashes

    Russia Admits to 'Dozens' of Casualties in Syria Clashes

    Private military company "Wagner" - Russian illegal private military structure. The ministry had formerly admitted five Russian nationals were killed.


Popular

Huw beauty as Scotland stun England
The holders never recovered from a dismal opening 40 minutes and Scotland secured their first win over England in a decade. Flyhalf Finn Russell knocked over the penalty and the party could start in earnest in a fevered atmosphere.

Royal Bank of Scotland's profitability may not last with DoJ fine looming
How does the bank perform on gender pay? We have delivered on this by resolving a number of our litigation and conduct issues. The bank said its group bonus pool for 2017 was 342 million pounds, compared with 343 million the year before.

Here's All the Big Google Assistant News That was Announced This Morning
Location-based reminders: You can already set reminders based on a location with the Assistant on your phone. Phone carriers will also be able to develop their own custom integrations with Google Assistant .

Malcolm Turnbull briefed on North Korea sanctions, U.S. official says
North Korea's missile and nuclear programme is seeking to develop a nuclear-tipped missile capable of reaching the U.S. mainland. Although South Korea is a close USA ally, animosity between Washington and Pyongyang is still running high.

Ohio River forecast to reach moderate flood stage
W.Va. 2 was closed in both directions for several hours while contractors cleared the debris. Governor Eric Holcomb of IN plans to tour flood-damaged parts of northern IN on Friday.

U.S. will not certify Iran nuclear deal: Pence
Speaking at the Chatham House think tank in London, he continued: "If we lose the JCPOA, we will face another nuclear crisis ". Now it seems Iranian officials believe the deal was also a failure for them.

'Black Panther' is action-packed and thought-provoking
Black Panther feels more like a pent-up cultural movement than your average installment in the Marvel Cinematic Universe . Black Panther had helped the Fantastic Four on several other occasions fighting villains like Doctor Doom and Psycho-Man.

GOP Lawmakers Sue to Block New Congressional Map in Pennsylvania
The new district maps will be applied to the May 15 primaries. "The current map, the legal map, has gerrymandered seats". The map became so Democrat-friendly after a series of decisions as to placement of boundaries that helped Democrats.

Omarosa Says She Left Hillary Clinton's Campaign After Being 'Used and Abused'
Omarosa Manigault Newman is adamant she's not one to sleep her way to the top - but others in the White House might be. The group of four, however, was more like two power couples, with Ross and Marissa being a tight pair.

Robert Mueller charges attorney with lying to the FBI in Russian Federation investigation
Manafort and Gates are accused of directing a covert Washington lobbying campaign on behalf of pro-Russian Ukrainian interests. In a report a year ago , The Kyiv Post described Zwaan as "the Russian-speaking son-in-law of Russian oligarch German Khan".