Buffett's shareholder letter: Substantially increased holdings of short-term U.S. Treasuries

Odaily Planet Daily News Buffett published his annual shareholder letter, in which he mentioned that in 2024, Berkshire's performance exceeded expectations, even though 53% of our 189 operating companies reported a decline in earnings. As U.S. Treasury yields increased, we significantly increased our holdings of these highly liquid short-term securities, and investment income achieved a foreseeable and substantial increase, which was very helpful to us. (Jinshi)