Berkshire Hathaway warns Washington to wisely spend the company’s taxes in his annual letter to shareholders, remembering those who have gotten “short straws in life.” As such, we reported record annual revenue on Saturday.
The buffet conglomerate paid $26.8 billion in taxes last year, the letter said.
“Uncle Sam… Use it wisely. Use it wisely. Take care of many people who get short straws in their lives, because of your fault. They are more valuable. A stable currency Remember that you need to maintain, and the outcome requires both wisdom and vigilance on your part,” writes Buffet.
“I was honestly thinking in a very subtle way that was a powerful message,” said Cathy Seyfert, research analyst at CFRA.
Operating profit for 2024 increased by 70% from 2023.
Berkshire now holds a record $334.2 billion in cash after selling many of its shares in Apple and Bank of America over the past year.
