5 Takeaways from Buffett's FY2021 Shareholder Letter
@Alvin Chow:
Warren Buffett released his well-anticipated FY21 shareholder letter on 26 Feb 2022. Here are 5 takeaways. $Berkshire Hathaway(BRK.B)$ #1 Berkshire has the most plant and equipment among American companies "Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact." That's a cool fact. While the world is touting asset-light businesses, here we have Berkshire being the asset heaviest company in America. It wasn't deliberate but I think he saw these asset-heavy companies being irreplaceable (insurance, oil & gas and rai