The great investor Warren Buffett lost a lot in the stock market in 2022

Berkshire Hathaway chooses long-term investments and price fluctuations on a quarterly or annual basis “create misinformation for investors,” it says, among other things. Buffett also states that good investments will eventually increase in value and will also generate profits. “As time goes by, it only takes a few winners to make miracles happen.” But “starting early and living past 90” also helps a lot, jokes Buffet, whose business partner Charlie Munger is 99.

Berkshire Hathaway has earned $30.8 billion from its own activities, which is about €29.1 billion. This was more than $27.5 billion in the previous year. Berkshire Hathaway operates in the insurance industry, railroads, energy companies, and more.

In the 10 years from 2012 to 2021, Berkshire Hathaway paid $32 billion in taxes, one-thousandth of all taxes the US government received during that period, according to Buffet. The Oracle of Omaha, as one of Buffett’s nicknames goes, hopes to pay more taxes in the future. “America’s dynamism has contributed greatly to the successes of Berkshire Hathaway.”