The Berkshire Hathaway CEO has long been a believer in the economic power of the American people and its institutions and that opinion does not appear to have changed in his 2016 Annual Letter to Shareholders. “From a standing start 240 years ago a span of time less than triple my days on earth Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of our forefathers.”
Category: Business Wire
Better Buy: Berkshire Hathaway vs. Coca-Cola
Today, those 400 million shares of Coke stock are worth over $16 billion. And it gets even better: At its current rate of $0.35 per share in quarterly dividends, Berkshire will receive $560 million in income from Coke this year.
Better Buy: Berkshire Hathaway vs. GE
However, Berkshire has soared 22% in 2016, and thus, is naturally less attractive than it was at this time last year. With that in mind, let’s take a look at Berkshire as compared to another stock I have my eye on right now, General Electric Aside from having Warren Buffett, the greatest long-term investor of all time, at the helm, there are plenty of good reasons to like Berkshire over the long run, no matter who is at the CEO’s desk.