Warren Buffet is one of the most successful investors. He is American billionaire. On his annual letter to Berkshire Hathaway shareholders, Buffet wants Americans have to be optimistic about the country’s future but wary about borrowing money and the games public companies play with profit numbers they report.
“No matter how serene today may be, tomorrow is always uncertain. Don’t let that reality spook you, "said Buffet.
A housing recovery will likely begin within the next year, which would help the economy and several Berkshire subsidiaries, including ones that make carpets and bricks, said him.
Buffett’s letter detailed how the acquisition of Burlington Northern Santa Fe railroad, better results at Berkshire’s other subsidiaries and a $1.9 billion paper gain on investments and derivatives combined to boost the company’s net income by 61 percent to $12.97 billion on revenue of $136.2 billion in 2010.
Glenn Tongue, a managing partner at T2Partners investment firm said that Buffet’s letter was full of good news for Berkshire investors because nearly all of its businesses, except the ones linked to housing, performed well. “I think his tone in this letter was more optimistic than usual, both about the economy and the business,” Tongue added.
Warren Buffett who called the "Oracle of Omaha" is the an American investor, industrialist and philanthropist. Buffet is widely regarded as one of the most successful investors in the world.
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