Warren Buffett again encourages investors to bet on America

(Source: Associated Press, February 27, 2021)

OMAHA, Neb. — Billionaire Warren Buffett encouraged investors to maintain their faith in America’s economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday. Berkshire said its fourth-quarter profits grew 23% to $35.8 billion, or $23,015 per Class A share, even though the pandemic continued to weigh on most of its businesses, which include BNSF railroad, several major utilities, Geico insurance and an assortment of manufacturers and retailers.

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Monday, March 1, 2021