Berkshire Hathaway’s 2021 vintage is like a good bottle whose consumption will undoubtedly delight fans and admirers of Warren Buffett, chairman and CEO of the company he runs with his right-hand man Charlie Munger.
The legendary investor delivered the 2021 earnings for his company on Saturday, which revealed that its economic activity was dynamic, even in very good health at the end of the pandemic.
And Berkshire Hathaway (BRK.A) – Get Berkshire Hathaway Inc. Class A Report, which had bet on the rebound in growth by buying shares of cyclical companies, is one of the big winners.
The company, whose profits come mainly from the companies it owns, posted net profit of $89.8 billion in 2021, up 111,1% year-on-year.
The conglomerate used these profits to pamper shareholders. In all, it bought back a total of $27.1 billion worth of shares for 2021. About $6.9 billion was bought in the…
