Berkshire Hathaway Units See Weak Demand

The video discusses weak demand affecting earnings in 2023, with a focus on a conglomerate's record operating earnings and optimistic outlook. Warren Buffett's annual letter to Berkshire Hathaway shareholders addresses criticism of share buybacks, defending them against recent proposals to increase levies. Berkshire increased its stock repurchases and maintained a large cash reserve. The video also notes a significant reduction in Berkshire's position in TSMC, which was not addressed in the shareholder letter but may be discussed in an upcoming meeting.

What sectors experienced weak demand, leading to a decline in earnings?

• Energy and Utilities

• Railroads and Insurance

• Technology and Healthcare

• Retail and Manufacturing

What was Warren Buffett's general message in his annual letter to shareholders?

• To remain optimistic about America's economy

• To focus on short-term gains

• To invest more in international markets

• To avoid share buybacks

How did Warren Buffett respond to criticisms of share buybacks?

• He criticized the critics as economically illiterate

• He ignored the criticisms

• He agreed with the criticisms

• He proposed a new buyback strategy

How much did Berkshire Hathaway spend on stock repurchases in the fourth quarter?

• 7.9 billion

• 5 billion

• 1.5 billion

• 2.6 billion

What significant financial move did Berkshire Hathaway make regarding TSMC?

• Reduced their position by about 86%

• Made no changes to their position

• Sold all their shares

• Increased their position by 50%