Buffett, a longtime Democrat, largely avoided politics in the letter, but he expressed his faith in the country’s future.
“We maintain our constitutional aspiration to become ‘a more perfect union. Progress on this front has been slow, uneven and often discouraging. However, we have made progress and will continue to do so. Our unwavering conclusion: never bet against America, ”he said.
Buffett said one of his biggest investments last year was the $ 25 billion buyback of Berkshire’s own shares. But even after that and several multibillion-dollar stock market investments in the second half of last year, Berkshire still had $ 138.3 billion in cash at the end of 2020. Edward Jones analyst Jim Shanahan, said it was significant that Buffett invested so much in his own stocks. .
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