Berkshire Hathaway’s Q4 2020 Investor Letter

Warren Buffett’s Berkshire Hathaway, a premier conglomerate company and investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. Despite earning $42.5 billion in 2020, Berkshire made no sizable acquisitions resulting to a 9% operating earnings drop. Berkshire’s  annual percentage change in per-share market value was 2.4% in the past year compared to 18.4% of S&P 500 with dividends. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.