The Warren Buffett yearly letter to his investors is a highly sought after piece of content, and one that the entire investment community and his shareholders look forward to each and every year. Warren Buffett makes it his mission to explain about the company growth and where Berkshire Hathaway is headed from here on out, and with the markets on an upturn 2017 was a trademark year for the veteran investor and his company. For 2017 Warren still holds a majority stake in Wells Fargo and Bank of America and despite all of the scandals surrounding Wells Fargo, Berkshire Hathaway still turned a tremendous profit.
With a $116 Billion war chest at his disposal, Berkshire Hathaway is in a prime position to continue their trend of growth. With the current rates of inflation and the way that the market is headed Warren let his shareholders know that the company is quietly looking to make another acquisition but they are not in a rush. He once again stated that fear drives the market, and a market with fear is a buyers market and the prime time to make money investing. The Geico Insurance arm of Berkshire Hathaway is also making record profits so that is a plus side for investors as well, as Warren is still heavily invested in his insurance company.
2017 was a great year for Berkshire Hathaway in every sense of the word, and with the market on an upturn the company is position for the future. Warren also let his shareholders know that the company was going to make a careful succession once he begins his retirement, and there has been a new CEO picked but they are not going to release the persons identity at this time. The future looks really good for Berkshire Hathaway, and with Warren Buffett at the helm anything is possible.