Earlier today Berkshire Hathaway released its 2015 annual report, which among other things includes Buffett’s traditional annual observations and insights. Buffett brushes past last year’s disappointing stock performance, muses on the future of America while taking a swipe at Donald Trump, dwells on Berkshire’s ties to Brazilian PE firm 3G, talks about Berkshire’s big 2015 deal, defends manufactured-housing unit Clayton Homes, bashes inequality and capitalists (just not the crony kind), and concludes with a summary of the biggest risks facing America.
Before we get into the meat, a quick summary of the company’s operational results.
In 2015 Berkshire earned $24.08 billion, up from $19.9 billion a year ago, driven by an 8% increase in total revenue to $210.8 billion; however as shown below is notable that in 2015 the amount of revenues from investment and derivative gains rose by more than 150% to $10.3 billion, resulting in $6.7 billion in after tax gains.
This post was published at Zero Hedge on 02/27/2016 –.
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