Buffett referred to 2022 as a "good year" for Berkshire in his yearly letter to shareholders. Despite rising inflation and supply chain problems, the conglomerate's companies generated $30.8 billion in profits.
Berkshire increased its cash on hand as well; at the close of the year, it had $128.6 billion after selling about $16.3 billion worth of shares in the fourth quarter.
The business in Omaha, Nebraska, decided it was profitable to buy back its own shares. It purchased back its own shares for a total of $2.6 billion in 2022 and an additional $700 million in the first half of 2023.
source: bloomberg.com
Berkshire increased its cash on hand as well; at the close of the year, it had $128.6 billion after selling about $16.3 billion worth of shares in the fourth quarter.
The business in Omaha, Nebraska, decided it was profitable to buy back its own shares. It purchased back its own shares for a total of $2.6 billion in 2022 and an additional $700 million in the first half of 2023.
source: bloomberg.com
