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12. The 2002 Annual Report for Berkshire Hathaway
Berkshire defies the market as the "Derivatives Time Bomb" ticks. Net worth surges $6.1B as Buffett avoids overpriced stocks to hunt for value in junk bonds.
Revenue/Growth: Per-share book value up 10%, crushed S&P 500’s 3-year decline.
Bottom Line: Insurance float hits $41.2B at a record-low 1% cost of capital.
Portfolio Shift: Equity freeze continues; $8.3B poured into high-yield "junk" debt.
Buffett sounds a historic alarm, labeling derivatives as "financial weapons of mass destruction."His vibe is one of disciplined caution, prioritizing "slugger" acquisitions over a frothy stock market.Subscribe for your weekly edge in earnings season.#BerkshireHathaway #Investing #WarrenBuffett #ValueInvesting #Finance
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By Earnings IntelligenceBerkshire defies the market as the "Derivatives Time Bomb" ticks. Net worth surges $6.1B as Buffett avoids overpriced stocks to hunt for value in junk bonds.
Revenue/Growth: Per-share book value up 10%, crushed S&P 500’s 3-year decline.
Bottom Line: Insurance float hits $41.2B at a record-low 1% cost of capital.
Portfolio Shift: Equity freeze continues; $8.3B poured into high-yield "junk" debt.
Buffett sounds a historic alarm, labeling derivatives as "financial weapons of mass destruction."His vibe is one of disciplined caution, prioritizing "slugger" acquisitions over a frothy stock market.Subscribe for your weekly edge in earnings season.#BerkshireHathaway #Investing #WarrenBuffett #ValueInvesting #Finance