Before Berkshire Hathaway Annual Meeting: A Recap of Warren Buffett's Memorable Year:π
The 2024 $Berkshire Hathaway(BRK.A)$ $Berkshire Hathaway(BRK.B)$ Shareholders Meeting has kicked off in Omaha.
What are the highlights this year? Are you there?
Before that, let's take a look at the major events of Berkshire Hathaway and Buffett in the past year.
For the 93-year-old "Oracle of Omaha," the past year has been one for the books. Here's a look back at some of the dazzling moves by the legendary investor:
April 2023: Investing More in Japan πΎ
Buffett, after an 11-year gap, visited Japan, hinting at increased investment in the Japanese stock market. Berkshire Hathaway's stake in Japan's top five trading companies rose from 5% in 2020 to 7.4%.
May 2023: AI Discussed at Annual Meeting π€
At the shareholders' meeting, Buffett compared AI to the atomic bomb, fearing its potentially catastrophic consequences despite being impressed by ChatGPT.
May 2023: Buffet Exits TSMC π
Berkshire Hathaway sold its stake in TSMC, with Buffett citing geopolitical considerations as the reason, even though he acknowledged the company's quality.
August 2023: A Big Bet on U.S. Treasury Bonds π΅
Unfazed by Fitch's downgrade of the U.S. credit rating, Buffett revealed a $1 billion purchase of short-term U.S. Treasury bonds.
November 2023: Succession Planning π§π¦³
Buffett donated $866 million of Berkshire Hathaway stock to four family charities and named his will's executors.
September-December 2023: A Rare Setback in HP Investment π₯οΈ
Berkshire Hathaway began selling off its HP shares, marking an unsuccessful investment.
January 2024: Acquiring America's Largest Travel Center Operator π
Berkshire Hathaway bought the remaining 20% stake in Pilot Travel Centers, making it a wholly-owned subsidiary.
February 2024: More Bets on Occidental Petroleum π’οΈ
Buffett continued to buy Occidental Petroleum shares, increasing his stake to over 34%.
February 2024: Rare Apple Stake Reduction π
Berkshire Hathaway reduced its Apple holdings by 10 million shares while increasing investments in Chevron and Occidental Petroleum.
February 2024: Buffett Tops U.S. Philanthropy List Again π
With a total donation of $56.7 billion, Buffett secured his position at the top of the U.S. philanthropy list for the fourth consecutive year.
February 2024: Remembering Charlie Munger in Shareholder Letter π§
Buffett commemorated his close friend Charlie Munger and reiterated Greg Abel as his successor.
March 2024: Significant Investment in SiriusXM π‘
Berkshire Hathaway increased its stake in SiriusXM, with holdings surpassing 20% by the end of March.
These highlights showcase Buffett's investment activities, philanthropic efforts, and succession planning. For detailed financial data and information, please refer to Berkshire Hathaway's official financial reports and announcements.
If you're attending this year's shareholder meeting, we'd love to hear your insights! Share your experiences with us. π
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