Warren Buffett gave Berkshire Hathaway investors a few details on Saturday about how he spent more than US$50 billion (NZ$79b) earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone. Edward Jones analyst Jim Shanahan said with the Chevron and Occidental investments combined Berkshire now has more than US$40 billion invested in the oil sector. Buffett says Berkshire's operating earnings are a better measure of the company's performance because they exclude investment gains and losses. In addition to investments, Berkshire Hathaway owns more than 90 business outright, including BNSF railroad, several major utilities, Geico insurance and an assortment of manufacturing and retail companies. Dalton said she misses the more detailed business answers Buffett used to give at the earlier meetings she attended.

Source: New Zealand Herald May 01, 2022 10:25 UTC