Warren Buffet Letter To Investor

Warren Buffett will step down as chief executive of Berkshire Hathaway on December 31, ending a six-decade run both as an investor and philanthropist that reshaped global investing

Warren Buffet has realised that 'buy and hold till death' may not always be the best strategy while investing. We now see that he's more open to selling, when needed, Agrawal said.

Warren Buffett credited his longtime partner the late Charlie Munger with being the architect of the Berkshire Hathaway conglomerate he's received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisors who urge them to trade often. Buffett also recounted how Berkshire's insurance businesses thrived last year, but its massive utilities and BNSF railroad disappointed. He also told shareholders how he never plans to sell its stakes in nearly 30 per cent of Occidental Petroleum and 9 per cent of five large Japanese trading houses, but he reiterated that he has no plans to buy the oil producer outright. Berkshire's eclectic mix of businesses, combined with the strong performance of its investments, delivered a profit of USD 37.57 billion, or USD 26,043 per Class A share, in the fourth quarter. That's more than double the USD 18.08 billion profit, or USD 12,355 per Class A share, that Berkshire reported a year ...

"Performance comes, performance goes, fees never falter," wrote Buffet