Monday, 03 May 2021 10:02 AM MYT
Investors have long been happy to bet on Buffett outperforming markets, and many remain confident Berkshire’s growth will pick up if the US economy continues roaring back from its pandemic-induced slump. Still, some worry the last year may have exacerbated Berkshire’s difficulties delivering faster growth.
Several Berkshire shareholders expressed frustration that Buffett did not snap up more shares of companies at the beginning of the pandemic, a missed opportunity given the S&P 500’s nearly 90 per cent surge from last year’s low. Another issue hampering Berkshire’s ability to generate money is historically low interest rates, which the Federal Reserve has pledged to leave at near-zero for years.
“If it has a challenge, it relates to capital deployment,” he said. Berkshire’s US$145.4 billion cash hoard could swell by US$25 billion by year end, he said.But the growth of special purpose acquisintion companies, which take private companies public, has made buying whole companies pricey for Berkshire, Buffett said.As in previous years, investors have also been focused on Berkshire’s guidance regarding succession.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: fmtoday - 🏆 5. / 72 Read more »
Source: malaymail - 🏆 1. / 86 Read more »
Source: fmtoday - 🏆 5. / 72 Read more »
Source: malaymail - 🏆 1. / 86 Read more »