TwinsTalkStocks, 8 year old twins Ashay Jorel & Devin Kalel, think investing in See’s Candies and Berkshire Hathaway (BRK.B) is sweet! Earlier this morning on Saturday, CEO and investing legend, 85 year old Warren Buffett released his much anticipated annual letter to shareholders.
Warren Buffett had a paper route when he was a little boy. He bought his first share of stock with the earnings of his paper route. Our YouTube channel is kinda like our paper route.
In his annual letter, he stated the company had a good year despite the 12% decrease in the stock price because he favors looking at book value. And the book value of his company increased by 6.4%.
His investments in public companies like American Express (AXP), IBM, Coca-cola (KO) and Wells Fargo (WFC) were challenging. But his holdings in the companies he owns outright helped his float reach $88 billion.
Exciting news included the fact that he will live stream for the first time his annual shareholder meeting led by himself and 92 year old vice-chairman Charlie Munger. It will be hosted on Yahoo Finance on April 30, 2016.
Some of the most well-known companies that BRK.B owns outright include Geico, Fruit of the Loom, Duracell, See’s Candies, Dairy Queen, NetJets, and BSNF Railway.
The Easter Bunny buys his chocolate for Easter at See’s Candies and so should you.