Warren Buffet reports $29B profit in Q4

Berkshire Hathaway reports $29B profit in Q4

[ad_1]

rssfeeds.usatoday.com

Warren Buffett is “almost certain” that stocks will outperform bonds over time if interest rates and corporate tax rates remain low.

Buffett’s annual letter to shareholders, released Saturday, is a widely watched event on Wall Street and Main Street that covers a variety of topics, including the financial health of his conglomerate to personal finance advice for investors.

The 89-year-old said share prices are subject to fluctuations but added that stocks are still a “much better long-term choice” for investors. Buffett’s latest insights came as Berkshire Hathaway reported Saturday that the company swung to a profit of $29 billion in the fourth quarter.

Coronavirus:How it could affect the products you see – or don’t – in stores

Apple:Tech giant says coronavirus hits home: iPhone sales hurt by impact in China

Investors looking for more details on Buffett’s successor didn’t get any fresh insights. He reiterated that Berkshire was “100% prepared” for the eventual departures of himself and Vice Chairman Charlie Munger, 96.

[ad_2]

Source link

Published
Categorized as Business

By Bernice Caldwell

Bernice is one of the finest authors Industry News Today portal has until now. Bernice's linguistic and well-written technique is one of the plus points that have the readers glued to her articles. Bernice currently heads the Healthcare and Services domain as her knowledge on the medical topics is immense. She has just joined the Industry News Today portal 6 Months back but the love for writing can be very well seen. She may be short on experience but it has definitely not stopped her from presenting some of the finest articles. Bernice is currently a very well-known personality on the portal to have shown her skillful writing in such a limited time span.

Leave a comment

Your email address will not be published. Required fields are marked *