Warren Buffett Shares Key Advice for Donald Trump Amid Berkshire Hathaway’s Celebratory Success

OMAHA, Neb. — Warren Buffett recently shared his annual letter to shareholders, reflecting on Berkshire Hathaway’s achievements over the past year and since he took over the company 60 years ago. Starting with a struggling textile business, he transformed it into a thriving conglomerate.

In the letter, Buffett admitted that he has made mistakes over the years, although he didn’t list specifics. He reassured shareholders that Greg Abel, his chosen successor, is ready to seize significant investment opportunities whenever they arise.

Buffett discussed Berkshire’s financial growth, noting that the company paid $26.8 billion in corporate income tax last year. This is a stark contrast to the zero tax the company reported before he took charge in 1965. He highlighted this as a sign of how much the company has changed and grown over the decades.

While Buffett has generally avoided political comments in recent years, he did urge the government to manage the money they receive wisely. He stressed the need for responsible spending that helps those who are less fortunate, emphasizing the importance of a stable economy.

Analyst Cathy Seifert described Buffett’s message as subtly powerful, indicating its significance without being overtly political.

Buffett also commented on Berkshire’s financial resources, revealing the company currently holds $334.2 billion in cash, nearly doubling what it had a year ago. This increase is partly due to selling off shares in Apple and Bank of America, as well as profits generated from its many subsidiaries, which include Geico, BNSF railroad, and well-known brands like Dairy Queen and See’s Candy.

Last year, Buffett utilized some of this cash to acquire additional stakes in various businesses, including a $3.9 billion deal for a utility firm and a $2.6 billion purchase for the Pilot truck stop chain. He also invested significantly in several Japanese companies, which have appreciated in value.

Despite his successes, Buffett has struggled to find major new acquisitions lately and confirmed he has no plans to issue dividends. Some investors, like Bill Smead, interpret this as a sign that Buffett might be worried about the current stock market valuation, preferring to explore opportunities outside the U.S.

In a nod to his age, Buffett announced that this year’s shareholder meeting will be shorter than usual. It will run from 8 a.m. to 1 p.m., with Buffett now using a cane to navigate the event.

Buffett began investing in Berkshire stock in 1962 for just $7.60 per share, and now its price has soared to over $718,000 for Class A shares. The company also offers Class B shares for a more accessible price.

At this year’s annual meeting, shareholders can look forward to a special book celebrating the company’s 60th anniversary, filled with untold stories and valuable lessons from its history.