Warren Buffett 2022 open letter to shareholders

Buffett Issues 2022 Open Letter To Shareholders: Praises Apple Ceo Cook

Buffett Issues 2022 Open Letter To Shareholders: Praises Apple Ceo Cook

Warren Buffett company, announced its results for the fourth quarter and full year of 2021. Buffett also released his 57th open letter to shareholders.

Data released by Buffett in his open letter to shareholders shows that as of the end of 2021, Berkshire holds shares in American Express, Apple, Bank of America, Coca-Cola, Moody’s, Verizon, United Bank, BYD, Chevron, Bank of New York Mellon, ITOCHU Corporation, Mitsubishi Corporation, Charter Communications, Mitsui Group.

BYD is the only Chinese stock Buffett currently owns . BYD, which is held by Berkshire, ranked 8th, with a market value of nearly $7.7 billion, accounting for 7.7%, down from 8.2% the previous year.

In addition, in the letter, Buffett also praised Apple’s performance . He introduced: Only Apple’s dividends will be included in Berkshire’s financial report. Last year, Apple paid $785 million in dividends. In addition, the indirect holding of Apple shares by shareholders will achieve a $5.6 billion in 2021. profit. At the end of 2021, Berkshire’s share of Apple’s equity will increase from 5.39% to 5.55%. This part of the increase did not cost Berkshire a penny and was entirely caused by Apple’s buyback.

Buffett also praised Apple CEO Cook: “Apple’s talented CEO Tim Cook regards the users of Apple products as his first love, and his excellent management sense has also greatly benefited supporters.”

At the end of the open letter to shareholders, Buffett announced that Berkshire’s annual shareholder meeting this year will be held in Omaha from April 29 to May 1.

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