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Buffett defends investments in stocks, which fueled record Berkshire profit
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Buffett defends investments in stocks, which fueled record Berkshire profit
Buffett made his assessment in his annual letter to Berkshire shareholders, where the 89-year-old also assured that Berkshire is '100% prepared' for the eventual departures of himself and Vice Chairman Charlie Munger, 96. Berkshire also reported record net income for the year of $81.42 billion, reflecting enormous gains in its common stock holdings, though operating profit fell 3%. The annual letter has long been eagerly awaited by investors and fans for its straight talk about Berkshire, the economy, investing and other topics.
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