Warren Buffett Warns Against Wall Street Pundits, Berkshire Reports Record Profit, Market Value Nears $1 Trillion
Warren Buffett, in his annual letter to shareholders, warned against heeding Wall Street pundits and financial advisers advocating frequent trading. Berkshire Hathaway reported a record profit of $130 billion in 2023. Buffett praised Japanese trading firms for their investor-friendly policies, leading to Berkshire's significant stake increase. Berkshire's market value approached $1 trillion, with shares rising premarket. Buffett emphasized long-term investing and criticized the current market's casino-like behavior.
Sources
Forbes
"It's hard to find areas where [Warren] Buffett can really go out there and get that big eye-popping deal." Greggory Warren, senior stock analyst, joins @RosemarieTV on "Forbes Newsroom" to discuss Berkshire Hathaway's earning report. https://t.co/du5ZmT5FXH
MastersInvest.com “I think it’s almost impossible if you’re to do well in equities over a period of time if you go to bed every night thinking about the price of them. I mean, Charlie and I, we think about the value of them.” - Warren Buffett
- Forbes
"The question is: are we still heading into a slow-down as we head into the next six months?" Greggory Warren, senior stock analyst, joins @RosemarieTV on "Forbes Newsroom" to discuss Berkshire Hathaway's earning report. https://t.co/ULn48upLk0
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