"Warren Buffett's Tribute to Charlie Munger and Warning to Stock Market Gamblers"

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Source: The Associated Press
"Warren Buffett's Tribute to Charlie Munger and Warning to Stock Market Gamblers"
Photo: The Associated Press
TL;DR Summary

In his annual letter to shareholders, Warren Buffett credits Charlie Munger for Berkshire Hathaway's success, warns against listening to Wall Street pundits, and reports a 28% jump in operating earnings to $5,878.21 per Class A share. Despite a profit of $37.57 billion in the fourth quarter, Buffett advises investors to focus on operating earnings rather than the paper value of investments. Berkshire also repurchased $9.2 billion of its own shares in 2021.

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