He wrote that investors should continue betting on the American economy because Berkshire has prospered by doing so, but that they shouldn't forget about the rest of the world. About that, we should rejoice: Americans will be both more prosperous and safer if all nations thrive," Buffett wrote. Buffett wrote that the two potential successors he promoted last year to oversee most day-to-day operations are doing well, but the 88-year-old tycoon made no mention of retiring. Jain now oversees all of the conglomerate's insurance businesses while Abel oversees all of the conglomerate's non-insurance business operations. The fourth quarter net loss was $25.39 billion, or $15,467 per Class A share, reflecting more than $27.6 billion of investment losses, including from stocks Berkshire still owns.

Source: CBC News February 23, 2019 17:48 UTC