Letter to BRK shareholders 2020
Dive into the intricacies of Berkshire Hathaway's financial journey through 2020, as Warren Buffett meticulously dissects the company's $42.5 billion earnings. This episode unveils the components of Berkshire's success, despite facing a 9% decline in operating earnings and the absence of significant acquisitions. Buffett and Charlie Munger's steadfast belief in the company's investment prowess is highlighted, alongside a candid admission of an overpayment in the Precision Castparts acquisition. The episode offers a rare glimpse into Buffett's reflections on investment philosophy, Berkshire's unique approach to business ownership, and the robust growth of key assets like insurance operations, BNSF, and Apple. Listeners gain invaluable insights into Buffett's mindset and Berkshire Hathaway's strategic maneuvers in navigating the complex business landscape. https://linktr.ee/thusspokewb