Sunday, February 24, 2019
OMAHA, Neb.
Billionaire Warren Buffett says the company he built through decades of acquisitions continues to perform well even though he hasn’t found any major deals at attractive prices recently.
Buffett released his annual letter to Berkshire Hathaway Inc. shareholders Saturday. He wrote that investors should continue betting on the American economy because Berkshire has prospered by doing so, but that they shouldn’t forget about the rest of the world.
“There are also many other countries around the world that have bright futures. About that, we should rejoice: Americans will be both more prosperous and safer if all nations thrive,” Buffett wrote. “At Berkshire, we hope to invest significant sums across borders.”
Buffett’s letter is always well-read in the business world because of his remarkable track record, his habit of dissecting the economy or other topics and his talent for explaining complicated subjects in plain language.
But in recent years he has simplified his letters and focused mostly on Berkshire’s businesses. The sage advice and wit that used to make Buffett’s letters must-read publications is now reserved mostly for the company’s annual meeting and interviews.