Thaindian News

New York, Mar 2 (THAINDIAN NEWS) Warren Buffets annual letter to the Berkshire Hathaway’s shareholders, gave an idea of what the future holds for all the investors. In the letter, he also reveals that he funded many of the top-notch companies, when there was an economic crisis. He said that he had funded the Goldman Sachs and General Electric amongst others.

He also divulged that he had invested around $21 billion, and it has now appreciated by over 25%, and it also yields around 10% annually. Warren Buffet has also bought the BNSF at $22 billion. And now in his annual letter he says to the 65,000 shareholders, that now the deal is already worth half a million more. However he does admit that it was a very close decision over whether to buy the BNSF or not. At the point of buying it, Warren Buffett had described it as “an all-in wager on the economic future of the United States.”

Warren Buffett’s Berkshire Hathaway Inc revealed that the fourth-quarter profit had increased, which was partly because of the derivatives bets tied to global stock markets. And the profit also increased for the third straight quarter. “I was quite impressed with the results. It is clearly suffering from the economic recession we have been in, but compared with most other companies involved in similar businesses, it is doing quite well,” said Vahan Janjigian, who is the author of the book “Even Buffett Isn’t Perfect.”