"The great majority of your money remains in equities," Buffett wrote in his highly-anticipated annual letter. "That preference won't change."

Billionaire Warren Buffett, marking 60 years leading Berkshire Hathaway, told shareholders in his annual letter released Saturday that he continues to prefer stocks despite a higher cash position.

The 94-year-old Buffett also acknowledged his advanced age in his annual letter, telling shareholders he now uses a cane and will spend less time fielding their questions at Berkshire's annual meeting in May.

Warren Buffett, in his annual letter to shareholders, defends Berkshire’s cash pile but says the company will always prefer equities when they’re attractive.

Billionaire Warren Buffett’s company, Berkshire Hathaway, reported a record-breaking cash reserve of $334.2 billion for the year 2024, marking the 10th straight quarter of rising cash reserves. The company also paid $26.

Investors are awaiting Berkshire Hathaway Chairman Warren Buffett’s annual investor letter, in which he typically expounds on Berkshire’s performance along with anecdotes and vignettes about investing and life.

Billionaire Warren Buffett is viewed as one of the world's greatest investors, so his annual letters to Berkshire Hathaway shareholders are always read closely for lessons. Buffett no longer ventures much into politics or current events in his letters,