Berkshire’s Results Weren’t as Great as They Looked. A Lack of Buybacks Was a Negative. - Barron's
1. Q4 earnings surged with strong insurance and record cash holdings. Results impress executives and investors. 2. Earnings included a one-time currency gain that slightly distorted core performance. Adjusted profits remain robust. 3. Lack of share repurchases signals Buffett’s view on BRK.B valuation. This may affect investor sentiment. 4. Buffett hints at near-term leadership change with Greg Abel as likely successor. This raises future uncertainty.