Warren Buffett who is currently the 9th richest person in the world just sent out this full letter to Berkshire Hathaway shareholders sharing his most recent thoughts
A thread 🧵
Warren Buffett just said Berkshire Hathaway paid a total of $26.8 BILLION to the 🇺🇸 IRS in taxes in 2024
That's roughly 5% of what ALL of corporate America paid
"In a very minor way, Berkshire shareholders have participated in the American miracle by foregoing dividends, thereby electing to reinvest rather than consume. Originally, this reinvestment was tiny, almost meaningless, but over time, it mushroomed, reflecting the mixture of a sustained culture of savings, combined with the magic of long-term compounding."
Here's a AI summary from Grok 3 of Warren Buffett's full annual shareholder letter @elonmusk
@elonmusk Buffett and Berkshire paid more than $25 Billion in taxes in 2024
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WARREN BUFFETT'S UPDATED TRACK RECORD:
Compound Annual Gain (1965-2024)
- Buffett: +19.9%
- S&P 500: +10.4%
Total Overall Gain (1964-2024)
- Buffett: +5,502,284
- S&P 500: +39,054%
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