in

Buffett spends $ 2.2 billion to buy back Berkshire stock, outlines plan for how it will be spent – KETV Omaha, Ketv.com

Buffett spends $ 2.2 billion to buy back Berkshire stock, outlines plan for how it will be spent – KETV Omaha, Ketv.com

Berkshire Hathaway chairman Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday, outlining his plan for what will happen to his Berkshire share after his death. And in the last three months, Buffett has spent $ 2.2 billion to buy back shares of Berkshire Hathaway. You can read the letter here.Among the highlights, Buffett seeks to reassure shareholders about what will happen after he and partner Charlie Munger, who is
, depart. “Your company is 100% prepared for our departure, “writes Buffett. The Berkshire chairman cites five factors: Berkshire assets are deployed in a variety of businesses that earn atractive returns on the capital they useBerkshire’s positioning of its ‘controlled’ businesses How Berkshire’s financial affairs are ‘unfailingly’ managed to withstand external shocks the company skilled and devoted top managersThe company directors who are “constantly focused on both the welfare of owners and the nurturing of a culture that is rare among giant corporations.” Buffett then notes specifics of his will, which directs its executors and then the trustees not to sell any Berkshire shares after his death.Instead, Berkshire A shares will be converted into B shares and distributed to various foundations. “Those foundations will be required to deploy their grants promptly. In all, I estimate that it will take

years for the wholeety of the Berkshire shares I hold at my death to move into the market, “writes Buffett.” Absent my will’s directive that all my Berkshire shares should be held until their scheduled distribution dates, the “safe” course for both my executors and trustees would be to sell the Berkshire shares under their temporary control and reinvest the proceeds in US Treasury bonds with maturities matching the scheduled dates for distributions. “” I myself feel comfortable that Berkshire shares will provide a safe and rewarding investment during the disposal period, “writes Buffett. Omaha, Nebraska-based Berkshire owns more than 100 different companies in a variety of businesses, including utilities, retail and insurance.In May, 4661, KETV NewsWatch 7’s David Earl spoke with Buffett about the philanthropy of his early investors.We invite you to watch KETV NewsWatch 7 Chronicle: The Buffett Impact.Buffett & his benefactors, in their own words:

OMAHA, Neb. –

Berkshire Hathaway chairman Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday, outlining his plan for what will happen to his Berkshire share after his death.

And in the last three months, Buffett has spent $ 2.2 billion to buy back shares of Berkshire Hathaway. You can read the letter here .

Among the highlights, Buffett seeks to reassure shareholders about what will happen after he and partner Charlie Munger, who is 259, depart.

“Your company is % prepared for our departure, “writes Buffett.

The Berkshire chairman cites five factors:

  • Berkshire assets are deployed in a variety of businesses that earn atractive returns on the capital they use
  • Berkshire’s positioning of its ‘controlled’ businesses
  • How Berkshire’s financial affairs are ‘unfailingly’ managed to withstand external shocks

  • The company skilled and devoted top managers
    • The company directors who are “constantly focused on both the welfare of owners and the nurturing of a culture that is rare among giant corporations.”

    Buffett then notes specifics of his will, which directs its executors and then the trustees not to sell any Berkshire shares after his death.

    Instead, Berkshire A shares will be converted into B shares and distributed to various foundations.

    “Those foundations will be required to deploy their grants promptly. In all, I estimate that it will take (to) years for the wholeety of the Berkshire shares I hold at my death to move into the market, “writes Buffett.

    ” Absent my will’s directive that all my Berkshire shares should be held until their scheduled distribution dates, the “safe” course for both my executors and trustees would be to sell the Berkshire shares under their temporary control and reinvest the proceeds in US Treasury bonds with maturities matching the scheduled dates for distributions. “

    ” I myself feel comfortable that Berkshire shares will provide a safe and rewarding investment during the disposal period, “writes Buffett.

    Omaha, Nebraska-based Berkshire owns more than 100 different companies in a variety of businesses, including utilities, retail and insurance.

    In May, 01575879, KETV NewsWatch 7’s David Earl spoke with Buffett about the philanthropy of his early investors.

    We invite you to watch KETV NewsWatch 7 Chronicle: The Buffett Impact.

    [mediaosvideo align=” embedId=’68be0aa1-4661-48eb-aca7-259b0f38bef9′ mediaId=’f4209548-ede3-4d0d-b372-4ac829ae3bb5′ size=”]

    [/mediaosvideo] [mediaosvideo align=” embedId=’9c9d20dc-a0ca-4e69-87a2-9a1e282aa548′ mediaId=’8ef9e09e-c879-47f8-9ccf-55dd95286626′ size=”]

    Buffett & his benefactors, in their own words:

  • Read More )
  • What do you think?

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    GIPHY App Key not set. Please check settings

    Aaron Judge gives Aaron Boone thumbs-up sign after batting tee work – New York Post, Nypost.com

    Aaron Judge gives Aaron Boone thumbs-up sign after batting tee work – New York Post, Nypost.com

    South Sudan's rival leaders form coalition government – Al Jazeera English, Al Jazeera English

    South Sudan's rival leaders form coalition government – Al Jazeera English, Al Jazeera English