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Warren Buffett's net assets glide almost 10 billion US

Warren Buffett's net assets glide almost 10 billion US

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The legendary investor Warren Buffett and his Berkshire Hathaway conglomerate suffered a rare setback on Monday after the 94-year-old would appear as a CEO of Berkshire at the end of this year, which led to Berkshires share price and buffets to be reduced from Buffett.

Key facts

Class A shares in Berkshire fell by 6% from $ 809,000 to $ 763,000 until the middle of the morning, while class B shares in class B of “Baby Berk” also declined by 6% from USD 510 and a market capitalization of around $ 40 billion deleted.

The film took place, after the company's annual shareholder meeting in Omaha in the first quarter, the operational profits under the expectations of Wall Street, which included operative profits of $ 6,694.59 per class A share, was below the consensus analyst forecast, according to the factual set, the analysts largely attributed the shares to buffets.

Buffett's retirement “will probably affect Berkshire more than the actual operations,” wrote the KBW analyst Meyer Shields to customers in a Sunday note.

According to Forbes's estimates, Buffett's luck shrank by $ 9.4 billion to $ 158.8 billion, which remains the largest billionaire assets of Monday to the fifth person in the world on Monday.

Decisive quote

Berkshire becomes “Buffett's superior capital allocation skills, market” stroke “and relationships,” remarked UBS -Analyst Brian Meredith in a Monday note.

Key background

Buffett will still act as CEO after his retirement at the end of the year, the company confirmed on Monday. Berkshire also officially announced that Greg Abel, head of the company's non -insurance company, secured the appointment of the board to the expected president and CEO of Berkshire in Berkshire. The subsidiaries of Berkshire include the insurer Geico, the ice chain dairy queen and the color manufacturer Benjamin Moore. At the end of 2024, it held a stock portfolio of $ 275 billion with top participations, including a 2% participation of 22% in American Express and 9% of Coca-Cola, and at the end of the first quarter of $ 348 billion. Munger as a “architect” of Berkshires success when he was only the “general contractor”.

Large number

19.9%. This was Berkshire 'composed annual return from 1965 to 2024 and doubled the 10.4% of the annual progress of S&P 500 and deserved Buffett as one of the few stock pickers that exceed the market in the long run. Buffett took over Berkshire in 1965, then a textile manufacturer.

Decisive quote

“If I were born today, I would just keep negotiating in the womb until they said they could be in the United States,” Buffett joked at the meeting on Saturday, even though the billionaire repeated his attitude against tariffs.

Read more

ForbesAt Warren Buffett's last annual conference, he remains optimistic about AmericaFrom Hank Tucker
ForbesWarren Buffett says he will step down as CEO of Berkshire HathawayFrom Antonio Pequeño IV

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