When Warren Buffett selects CEOs for Berkshire Hathaway-owned companies, he doesn’t care about where they went to college, he wrote in a shareholders letter.

Key Points ・Berkshire Hathaway reported a strong year but faced earnings declines in more than half of its subsidiaries. ・Buffett acknowledged past investment missteps but maintained confidence in long-term strategies.

Billionaire Warren Buffett is viewed as one of the world's greatest investors, so his annual letters to Berkshire Hathaway shareholders ... like Geico insurance, Dairy Queen and Helzberg jewelry.

The opportunity-starved organization is likely to start making major investments again -- just in a different way.

Warren Buffett's Berkshire Hathaway saw its stockpile of cash continue to swell, amid questions about what he plans to do with all that money. But in his annual letter to the conglomerate's shareholders, he reaffirmed his desire to invest in businesses, rather than hold onto cash.

Warren Buffett’s conglomerate held $334 billion in cash at the end of 2024, helping to stabilize earnings in the face of declines at more than half of the nearly 200 businesses it operates.

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