February 22, 2025 – Legendary investor and Berkshire Hathaway CEO Warren Buffett had plenty to celebrate in his latest annual letter to shareholders. The 94-year-old business mogul highlighted the company’s record-breaking profits while also taking a moment to offer some pointed advice to former U.S. President Donald Trump.
Berkshire’s Booming Year
Berkshire Hathaway reported an all-time high operating profit of $47.44 billion in 2024, a massive 27% increase from the previous year. In addition, the company’s cash reserves have ballooned to an astonishing $334.2 billion. Buffett credited this financial success to strategic investments, careful stock sales, and a cautious approach to acquisitions.
“We are in a strong position to take advantage of opportunities as they arise,” Buffett noted, hinting at potential future investments while remaining wary of overvalued markets.
Buffett’s Message to Trump
In a rare moment of political commentary, Buffett addressed Donald Trump directly, urging him and policymakers to be mindful of the nation’s financial health. He emphasized the need for responsible spending and support for those in need, stating:
“Thank you, Uncle Sam. Someday your nieces and nephews at Berkshire hope to send you even larger payments than we did in 2024. Spend it wisely. Take care of the many who, for no fault of their own, need help.”
Buffett also warned about the dangers of “fiscal folly” and how reckless economic policies could undermine the value of the U.S. dollar.
Looking to the Future
With an eye on the future, Buffett reaffirmed his confidence in Greg Abel, who is expected to take over leadership of Berkshire Hathaway. Buffett praised Abel’s judgment and investment acumen, reassuring shareholders that the company’s legacy of success will continue under his watch.
As always, Buffett ended his letter with his signature optimism, reaffirming his belief in the strength of American businesses and the resilience of the economy. “The future remains bright,” he wrote, “as long as we approach it with discipline and patience.”
