Warren Buffett's annual letter to shareholders declares no 'meaningful' options outside the US

Company’s size inhibits stock picking choices

Eve Maddock-Jones
clock • 2 min read

In his widely-read annual letter to shareholders, Warren Buffett, the CEO of Berkshire Hathaway, outlined the reality of the firm’s stock picking options at its significant size.

In his 59th letter to shareholders, Buffett said Berkshire has the largest GAAP net worth - the sum of the total shareholders' equity in such person - to date in the US at $561trn. The GAAP net worth for the other 499 S&P companies was $8.9trn in 2022. Berkshire Hathaway adds to Occidental Petroleum stake with further $589m investment "By this measure, Berkshire now occupies nearly 6% of the universe in which it operates," he said. "Doubling our huge base is simply not possible within, say, a five-year period, particularly because we are highly averse to issuing shares (an act t...

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