The Smart Trader
Read the latest news, information and analysis about the business world, what´s going on in the markets, and how it is likely to affect the company and affect you and your trades.
Warren Buffett’s conglomerate holding company Berkshire Hathaway has confirmed record profits of $19.48 billion for 2013. The Omaha, Nebraska based firm saw full year profits rise an impressive 31%, equating to $11,850 per Class A share. Buffett, the world’s fourth wealthiest man according to Forbes magazine, released his annual report to shareholders on Saturday. Analysts’ profit expectations of $18 billion were emphatically exceeded by Berkshire. The company’s stellar performance is attributable to strong year-on-year growth in large, established American companies.