Warren Buffett prefers equities over cash and other takeaways from his annual letter to Berkshire shareholders - MarketWatch
1. Buffett favors equities over cash. Preference drives long-term growth. 2. Berkshire’s cash rose to $334.2B. Liquidity enables opportunistic investments. 3. Operating profit surged 71%. Treasury yields boosted short-term securities gains. 4. Berkshire maintains strict equity focus over cash assets. Commitment to quality businesses remains. 5. Leadership transition is planned. Greg Abel is praised as future CEO.