In 2024, Warren Buffett’s Berkshire Hathaway outperformed the S&P 500, achieving a 25.5% increase compared to the index’s 23.3%. Class A shares surged past $700,000, marking Berkshire’s ninth consecutive positive year. Despite halting its stock buyback program, the company capitalized on strong operating earnings, boosted by Geico’s underwriting profit of $5.7 billion. Berkshire amassed a cash reserve of $325 billion by selling significant shares in Apple and Bank of America. However, Buffett cautioned against expecting future outperformance, suggesting that Berkshire would likely perform slightly better than the average U.S. company due to its size and diversified investments.
