File - Warren Buffett, chairman and CEO of Berkshire Hathaway, right, watches Bill Gates use an oversize paddle as they play doubles against table tennis prodigy Ariel Hsing in Omaha, Neb, May 6, 2012. (AP Photo/Nati Harnik)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Full-year profit rose 31 percent to $19.48 billion, or $11,850 per Class A share, while operating profit rose 20 percent to $15.14 billion, or $9,211 per share.For the fourth quarter, net profit rose nearly 10 percent to $4.99 billion, or $3,035 per share, and operating profit rose 34 percent to $3.78 billion, or $2,297 per share.Despite that, the 2009-to-2013 period marked the first time since Buffett took over Berkshire that book value per share rose more slowly over five years than the Standard & Poor's 500 including dividends on a pre-tax basis. Berkshire's per share net worth was up about 91 percent during that period, while the index gained about 128 percent.Buffett said he remains on the prowl for more big acquisitions, which he calls "elephants," after two recent big purchases: a $5.6 billion acquisition of Nevada utility NV Energy by Berkshire's MidAmerican Energy unit, and a $12.25 billion investment in ketchup maker H.J. Heinz Co.
FOLLOW THIS ARTICLE