Warren Buffett's plans for the future

Published on: 06-May-2019
Category: Trading
Last updated: 06-May-2019

Warren Buffett's plans for the future

The star investor told the weekend's shareholders' meeting what happened after his time and how his investment company Berkshire Hathaway stands. As future candidates for the successor Buffett's top executives Ajit Jain and Greg Abel were called. But Warren Buffett does not think about to stop it. Berkshire Hathaway has grown from a small investment company to one of the largest US corporations within the last 50 years. It is the US's most valuable non-technology stock corporation and has a market capitalization of $ 537 billion. The Group is basically an insurance company that invests its premiums in equities but has bought entire companies in recent years. Berkshire Hathaway has more than $ 110 billion in cash.

The company has more than 60 subsidiaries, which include utilities, railway companies, but also German SMEs. Buffett wants to continue to expand internationally, as he announced at the shareholders’ meeting. A good prerequisite for this is the profit, which has already increased this year compared to the previous year by five percent to 5.6 billion dollars. In addition, Buffett also manages a $ 200 billion equity portfolio with holdings in Apple, Coca-Cola or financial services such as American Express.

Last week, Berkshire Hathaway bought shares from Amazon for the first time, driving the price up three percent. But the amount of the investment Buffett reveals nothing, but you would have to wait for the next quarterly report. For Amazon, the odds are good that the price will continue to rise and the stock market and investors trust the company new. This happened when Berkshire Hathaway invested in Apple and the share price rose to a new record high from May to October 2018.

Warren Buffett has called himself a fan of Amazon and said that he should have previously invested in the mail order company. Investors who recognized this ten years ago can now look forward to plenty of profits. From 10000 euros you could have made 270000 euros so today. The price has risen from 62 Euro to 1700 Euro until the end of last week.


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