Even investor Warren Buffett is not immune to the woes of a Biden Economy.
In a letter to investors, Buffet’s conglomerate Berkshire Hathaway reported a $22.8 billion loss in 2022.
The letter further explains that Berkshire Hathaway’s operating earnings, however, continues to grow. DNYUZ reports: And its holdings of cash and equivalents have grown to $125 billion, giving Mr. Buffett more firepower to invest in stocks and, potentially, buy new companies. Factoring Berkshire’s investment performance into its overall returns is “100 percent misleading,” Mr. Buffett wrote, since those results are likely to change easily quarter to quarter. Berkshire’s vast […]