Buffett’s letter is always well-read because he has a talent for explaining complicated subjects in entertaining ways, and because he has a remarkably successful investing record. Buffett also uses the letter to recount Berkshire’s performance over the past year.
Category: Omaha, NE
Buffett’s Berkshire Buys German Pipe Company, Handelsblatt Says
One of Warren Buffett’s largest units at Berkshire Hathaway Inc. agreed to buy Wilhelm Schulz GmbH, a closely held German maker of piping components, as the billionaire’s deputies seek deals to expand, Handelsblatt reported. Mark Donegan, chief executive officer of Berkshire’s Precision Castparts unit, confirmed it’s buying Wilhelm Schulz but declined to elaborate on terms, the newspaper said.
Buffett Back in Money on IBM, Reversing $2.6 Billion Loss
International Business Machines Corp. has climbed above the price that Warren Buffett paid for shares in the computer company, reversing more than $2 billion in paper losses for his Berkshire Hathaway Inc. IBM rose 2.2 percent to $170.55 at 4 p.m. Friday in New York after giving 2017 profit guidance on Thursday that was higher than analysts’ estimates. That compares with the average of $170.19 that Buffett spent for 81 million shares, according to Omaha, Nebraska-based Berkshire’s most recent annual report.