306- Berkshire Hathaway Annual Letter Recap
Warren Buffett\u2019s highly anticipated shareholder letter was released this past weekend.\n\xa0\nIn this annual letter, Berkshire Hathaway's quarterly reports have offered investors a glimpse into the company's inner workings.\n\xa0\nBuffett also highlighted the fact that among the biggest winners in Berkshire\u2019s investment portfolio was its 5.4% stake in Apple. Buffett noted that the iPhone maker was now one of his company\u2019s three biggest assets, with its stake worth $120 billion as of December 31, 2020.\n\xa0\nBerkshire ended last year with $138 billion in cash. This is likely due to the market still being extremely overvalued.\xa0\n\xa0\nBeing one of the best value investors in the world \u2014 if not the best in the world \u2014 Buffett understands the importance of only purchasing wonderful companies at discount prices.\xa0\n\xa0\nIn the annual letter to shareholders, Buffett reminded investors that miracles do occur in middle America despite much of the attention on the east and west coast.\xa0\n\xa0\n\u201cSuccess stories abound throughout America,\u201d the investor said. \u201cSince our country\u2019s birth, individuals with an idea, ambition and often just a pittance of capital have succeeded beyond their dreams by creating something new or by improving the customer\u2019s experience with something old.\u201d\n\xa0\nIn today\u2019s podcast, Phil and Danielle discuss a few key takeaways from Warren Buffett\u2019s annual letter to shareholders, and why Warren Buffett and Charlie Munger are two of the most important value investors in history.\n\xa0\nLearn about purchasing wonderful companies at discount prices with this FREE guide I've created for you: http://bit.ly/3bPTyqb\nLearn more about your ad choices. Visit megaphone.fm/adchoices